Stock Market Weekly update -Jun 7

 No rally last week! We broke the 9 week run in the indexes after we got a big drop on Friday. The NASDAQ was down more than 4% on Friday (around 1500 points), Semis were hit hard after peaking on Wed, and the VIX popped as well. AVGO dumped on earnings, and NVDA dropped for a 3rd week after reporting great earnings. Gold dropped, and Bitcoin & Crypto dumped around 20%! We'll see how much of a recovery we get this week.

The data just changed! Stocks finally dropped… 

U.S. payrolls rose by 172,000 in May, much more than expected

Nasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks

Chip selloff erases over $1 trillion in stock market value


The 9 week April Fools’ rally may have peaked…



The week ahead: 

9th week of Earnings - 

Schwab Weekly Trader's Outlook  

Edward Jones recap


The 10 year Interest rate - up a bit to 4.55%

The Dollar - rallied back to around 100.07

Gold - dropped to $4329 

Oil - up a bit to $90.24

Bitcoin  - dropped again to around 60k!

National debt  $39.2T 

 

New all time Highs:  LLY, GS, MAR, H, HLT, PFG, VOYA, RY, 

 -ALL time Lows:   LCID, WU

Pops & Drops/5 day movers:,   Pops:  MRVL, ,  Drops:,, 

Earnings movers:  Pops:    -Drops:  AVGO, CRWD, CIEN, PL

% of S&P 500 stocks above the 50 day MA:  up from 52% to 54%


This week

Mon

Tue

Wed

Thu

Fri

Earnings

CPB, FCEL


ORCL

ADBE, LEN


Events



CPI

PPI



The indexes: 1st week down after a 9 week rally…



SPX  SPY  -  Pause or reversal?




Stocks last week - Tech seeing red, after a great week prior!



Sectors last week  -




Market concerns:   Inflation? Debt?  War, anything…?

Options watch:   High IV (Implied Volatility) stocks -link   

High Options volume:  

ETFs

SPY, QQQ, IWM, SMH, VIX -also SPX index

Stocks

Mag7 & others   (most active link, or here)



More charts:    


BTC -Bitcoin continues to drop



Gold continues to lose ground since the Jan peak



05/31 WMT -topped out for now?



WU -Western Union -all time lows



5/17: The S&P 500 is at an all-time high while Consumer Sentiment is at an all-time low.




5/17: HERE ARE THE TOP 15 PERFORMERS OF 2026









S&P 500 Total Percent Returns calendar  


Name


Feb 2025

04/27

06/30

01/04/26

03/01

Solana

SOL

192.00

149.30

149.60

134.50

84.00

Chainlink

LINK

18.35

14.48

13.28

13.40

8.80

Uniswap

UNI

9.60

5.57

6.98

5.90

3.75

SUI

SUI

3.45

3.55

2.77

1.70

0.90

ONDO

ONDO

1.32

0.95

0.75

0.44

0.26

Avalanche

AVAX

-

-

-

14.00

9.00

Feb 2025:   5 Cryptos to watch in 2025, 2026

10/12/25:   Added AVAX, 11/23 This recent dip may be a good opportunity to buy/add

02/15/26: Buy the dips here?


Links...



Top sites


Stocks/News:

Cramer’s week ahead: Stocks face pressure from rates, oil, and a flood of new offerings

Broadcom tumbles as revenue miss clouds AI boom bets (AVGO)

Blackstone private credit fund caps withdrawals as redemption requests surge

Alphabet’s $80 billion stock sale leaves Wall Street in ‘unprecedented territory,’

Google to pay SpaceX $920 million a month for compute capacity at xAI data centers

SpaceX targets $135 IPO price at valuation of $1.77 trillion

Nvidia Optics Shift Puts Lumentum At Center Of AI Data Centers

Palo Alto Networks tops earnings as AI fuels cybersecurity urgency

Meta’s stock sinks on report company could raise tens of billions of dollars to fund AI push

High fuel costs to trigger airline failures and consolidation, industry chief says

Crypto/Blockchain: 

  -Global Market Cap: Dropped to around  $2.2 Trillion   Current Crypto prices
Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion

JPMorgan, Citi-backed consortium plans to launch tokenized deposit network in early 2027

Hyperliquid treasuries stand alone in profit as legacy crypto DATs bleed billions (PURR)

Western Union, Visa, PayPal, Meta: why major payments giants are racing to Solana

MoneyGram launches stablecoin on Stellar (XLM), joining rush toward digital dollar payments


Archives ..pre 2020

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