#SgMarketUpdate
Singapore stocks rise on Tuesday; STI up 1.2%
Singapore stocks ended higher on Tuesday (Jun 2).
The benchmark Straits Times Index (STI) gained 1.2 per cent or 59.56 points to finish at 5,097.42.
DBS : D05 +2.91% led the gainers on Singapore’s blue-chip index, rising 2.9 per cent or S$1.83 to end at S$64.67, a fresh high for the stock.
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-rise-tuesday-sti-1-2
Singapore stocks rise on Tuesday; STI up 1.2%
Singapore stocks ended higher on Tuesday (Jun 2).
The benchmark Straits Times Index (STI) gained 1.2 per cent or 59.56 points to finish at 5,097.42.
DBS : D05 +2.91% led the gainers on Singapore’s blue-chip index, rising 2.9 per cent or S$1.83 to end at S$64.67, a fresh high for the stock.
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-rise-tuesday-sti-1-2
The Business Times
Singapore stocks rise on Tuesday; STI up 1.2%
DBS leads gainers on the benchmark index, rising 2.9% to end at a fresh high of S$64.67 Read more at The Business Times.
Stocks making big moves premarket: Marvell, Hewlett Packard Enterprise
https://www.cnbc.com/2026/06/02/stocks-making-the-biggest-moves-premarket-mrvl-hpe-vsxy.html?__source=androidappshare
https://www.cnbc.com/2026/06/02/stocks-making-the-biggest-moves-premarket-mrvl-hpe-vsxy.html?__source=androidappshare
CNBC
Stocks making the biggest moves premarket: Marvell Technology, Hewlett Packard Enterprise, Victoria's Secret & more
These are the stocks posting the largest moves in early trading.
Marvell Technology's stock jumps 22% on Jensen Huang's trillion-dollar forecast
https://www.cnbc.com/2026/06/02/jensen-huang-nvidia-marvell-technology-trillion-dollar-ai.html?__source=androidappshare
https://vt.tiktok.com/ZSxwCLFC8/
https://www.cnbc.com/2026/06/02/jensen-huang-nvidia-marvell-technology-trillion-dollar-ai.html?__source=androidappshare
https://vt.tiktok.com/ZSxwCLFC8/
CNBC
Nvidia's Jensen Huang says Marvell could be the next trillion-dollar company; stock jumps 25%
Nvidia's CEO, Jensen Huang, hailed this chip designer as the next trillion-dollar firm, sending its shares up sharply in early market trading.
Alphabet's stock sale, Iran negotiations and more: Morning Squawk
https://www.cnbc.com/2026/06/02/5-things-to-know-before-the-stock-market-opens.html?__source=androidappshare
https://www.cnbc.com/2026/06/02/5-things-to-know-before-the-stock-market-opens.html?__source=androidappshare
CNBC
Alphabet's stock sale, Iran negotiations, Anthropic's IPO plans and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
👍1
#USMarketUpdate
S&P 500 is little changed Tuesday as Alphabet slides:
Live updates
https://www.cnbc.com/2026/06/01/stock-market-today-live-updates.html?__source=androidappshare
S&P 500 is little changed Tuesday as Alphabet slides:
Live updates
https://www.cnbc.com/2026/06/01/stock-market-today-live-updates.html?__source=androidappshare
CNBC
Stock futures tick lower after all three major indexes close at new records: Live updates
All three major indexes notched new intraday and closing highs on Monday.
Sats, Venture are top STI performers in record-setting May https://bt.sg/qNNK
The Business Times
Sats, Venture are top STI performers in record-setting May
The STI posts a total return of 10.8% in the first five months of the year Read more at The Business Times.
Indonesian business groups call for clarity about new commodity export rules
https://www.businesstimes.com.sg/international/asean/indonesian-business-groups-call-clarity-about-new-commodity-export-rules
https://www.businesstimes.com.sg/international/asean/indonesian-business-groups-call-clarity-about-new-commodity-export-rules
The Business Times
Indonesian business groups call for clarity about new commodity export rules
They are also seeking legal certainty on ongoing and long-term contracts, as well as payments, among others Read more at The Business Times.
Mapletree Investments FY2026 net profit rises 25.7% to S$285.6 million on lower revaluation losses
https://www.businesstimes.com.sg/property/mapletree-investments-fy2026-net-profit-rises-25-7-s285-6-million-lower-revaluation-losses
https://www.businesstimes.com.sg/property/mapletree-investments-fy2026-net-profit-rises-25-7-s285-6-million-lower-revaluation-losses
The Business Times
Mapletree Investments FY2026 net profit rises 25.7% to S$285.6 million on lower revaluation losses
The Temasek-owned property giant’s AUM stands at S$76.2 billion as at end-March Read more at The Business Times.
#USMarketUpdate
Stocks clinch fresh records amid AI boom, Iran tensions
Live updates
https://finance.yahoo.com/economy/live/stock-market-today-tuesday-june-2-ai-231755175.html
https://vt.tiktok.com/ZSxwCN6FP/
https://vt.tiktok.com/ZSxwCLFC8/
Stocks clinch fresh records amid AI boom, Iran tensions
Live updates
https://finance.yahoo.com/economy/live/stock-market-today-tuesday-june-2-ai-231755175.html
https://vt.tiktok.com/ZSxwCN6FP/
https://vt.tiktok.com/ZSxwCLFC8/
Yahoo Finance
Stock market today: Dow, S&P 500, Nasdaq build on records as investors eye AI boom, US-Iran tensions
US stock futures slipped as investors weighed uncertainty over Iran talks alongside the latest developments in AI.
#USMarketUpdate
Wall St ends modestly higher as AI zeal overcomes Middle East jitters | Reuters
SUMMARY
Indexes up: Dow 0.45%, S&P 500 0.13%, Nasdaq 0.03%
Alphabet dips on plans to raise $80 billion for AI buildout
Marvell jumps on Nvidia's CEO calling it the next trillion-dollar company
Software shares down following a strong rebound rally
NEW YORK, June 2 (Reuters) - The S&P 500 and the Dow closed modestly higher on Tuesday as risk appetite driven by AI fervor was counterbalanced by tensions arising from U.S.-Iran talks to reopen the Strait of Hormuz and end the months-long war.
Gains in most of the 11 major S&P sectors kept the S&P 500 and the Dow in the green, with the small-cap Russell 2000 (.RUT), opens new tab outperforming its larger-cap peers. The Nasdaq ended the session nominally higher.
Small-cap stocks have been some of the biggest beneficiaries of the ongoing enthusiasm surrounding artificial intelligence stocks, which provided some upside muscle. The Philadelphia SE Semiconductor Index advanced 5.9%.
The Software & Services Index (.SPLRCIS), opens new tab, battered in recent months over worries of AI disruption, ended off 3.3%.
Strong results from Hewlett Packard Enterprise (HPE.N), opens new tab and a funding commitment from Alphabet (GOOGL.O), opens new tab reinforced confidence in the AI buildout...
The war has sent crude prices soaring, reviving worries over inflation and giving rise to an increasing likelihood that the U.S. Federal Reserve could hike interest rates by year-end.
Cleveland Fed President Beth Hammack said on Tuesday that such a hike could become necessary if already-elevated inflation pressures continue to mount.
On the economic front, a report from the Labor Department showed an unexpected spike in job openings, driven by the volatile professional and business services sector. Otherwise, hiring, firing and quits all decreased, suggesting a slowdown in labor market churn in the face of uncertainties related to strife in the Middle East and inflationary effects.
Analysts look to the May employment report due on Friday, which is expected to show the U.S. economy added 85,000 jobs last month, a monthly deceleration of 26.1%. The unemployment rate is forecast to stand pat at 4.3%...
Among the 11 major sectors of the S&P 500, utilities (.SPLRCU), opens new tab gained the most, while communication services (.SPLRCL), opens new tab suffered the steepest percentage loss.
https://www.reuters.com/business/wall-street-futures-tick-lower-after-record-highs-hpe-soars-2026-06-02/
Wall St ends modestly higher as AI zeal overcomes Middle East jitters
https://www.straitstimes.com/business/companies-markets/wall-st-ends-modestly-higher-as-ai-zeal-overcomes-middle-east-jitters
Wall St ends modestly higher as AI zeal overcomes Middle East jitters | Reuters
SUMMARY
Indexes up: Dow 0.45%, S&P 500 0.13%, Nasdaq 0.03%
Alphabet dips on plans to raise $80 billion for AI buildout
Marvell jumps on Nvidia's CEO calling it the next trillion-dollar company
Software shares down following a strong rebound rally
NEW YORK, June 2 (Reuters) - The S&P 500 and the Dow closed modestly higher on Tuesday as risk appetite driven by AI fervor was counterbalanced by tensions arising from U.S.-Iran talks to reopen the Strait of Hormuz and end the months-long war.
Gains in most of the 11 major S&P sectors kept the S&P 500 and the Dow in the green, with the small-cap Russell 2000 (.RUT), opens new tab outperforming its larger-cap peers. The Nasdaq ended the session nominally higher.
Small-cap stocks have been some of the biggest beneficiaries of the ongoing enthusiasm surrounding artificial intelligence stocks, which provided some upside muscle. The Philadelphia SE Semiconductor Index advanced 5.9%.
The Software & Services Index (.SPLRCIS), opens new tab, battered in recent months over worries of AI disruption, ended off 3.3%.
Strong results from Hewlett Packard Enterprise (HPE.N), opens new tab and a funding commitment from Alphabet (GOOGL.O), opens new tab reinforced confidence in the AI buildout...
The war has sent crude prices soaring, reviving worries over inflation and giving rise to an increasing likelihood that the U.S. Federal Reserve could hike interest rates by year-end.
Cleveland Fed President Beth Hammack said on Tuesday that such a hike could become necessary if already-elevated inflation pressures continue to mount.
On the economic front, a report from the Labor Department showed an unexpected spike in job openings, driven by the volatile professional and business services sector. Otherwise, hiring, firing and quits all decreased, suggesting a slowdown in labor market churn in the face of uncertainties related to strife in the Middle East and inflationary effects.
Analysts look to the May employment report due on Friday, which is expected to show the U.S. economy added 85,000 jobs last month, a monthly deceleration of 26.1%. The unemployment rate is forecast to stand pat at 4.3%...
Among the 11 major sectors of the S&P 500, utilities (.SPLRCU), opens new tab gained the most, while communication services (.SPLRCL), opens new tab suffered the steepest percentage loss.
https://www.reuters.com/business/wall-street-futures-tick-lower-after-record-highs-hpe-soars-2026-06-02/
Wall St ends modestly higher as AI zeal overcomes Middle East jitters
https://www.straitstimes.com/business/companies-markets/wall-st-ends-modestly-higher-as-ai-zeal-overcomes-middle-east-jitters
Reuters
Wall Street futures tick lower after record highs; HPE soars
The S&P 500 and the Nasdaq 100 futures edged lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment from Alphabet underscored investor confidence in the AI buildout.
While You Were Sleeping: 5 stories you might have missed, June 3, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-june-3-2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-june-3-2026
The Straits Times
While You Were Sleeping: 5 stories you might have missed, June 3, 2026
While You Were Sleeping: 5 stories you might have missed, June 3, 2026. Read more at straitstimes.com. Read more at straitstimes.com.
SpaceX worth less than half its IPO target, Morningstar says
https://finance.yahoo.com/markets/article/spacex-valued-at-just-780-billion-by-morningstar-less-than-half-its-ipo-target-174617034.html
https://finance.yahoo.com/markets/article/spacex-valued-at-just-780-billion-by-morningstar-less-than-half-its-ipo-target-174617034.html
Yahoo Finance
SpaceX valued at just $780 billion by Morningstar, less than half its IPO target
SpaceX just got slapped with a bearish valuation ahead of its monster IPO coming up later this month.
Trump’s Netanyahu Problem Is Latest Key Hurdle to Iran Deal
https://finance.yahoo.com/economy/policy/articles/trump-netanyahu-problem-latest-key-202620111.html
https://finance.yahoo.com/economy/policy/articles/trump-netanyahu-problem-latest-key-202620111.html
Yahoo Finance
Trump’s Netanyahu Problem Is Latest Key Hurdle to Iran Deal
(Bloomberg) -- President Donald Trump has spent months projecting confidence that a deal to end the Iran conflict is within reach. Israel’s determination to press ahead with its own objectives underscores his tenuous control over the outcome of the crisis.Most…
Bitcoin’s Inflation-Hedging Promise in Tatters After Plunge
https://finance.yahoo.com/markets/crypto/articles/bitcoin-inflation-hedging-promise-tatters-160925266.html
https://finance.yahoo.com/markets/crypto/articles/bitcoin-inflation-hedging-promise-tatters-160925266.html
Victoria’s Secret Hits Record High as Bra Strategy Resonates
https://finance.yahoo.com/news/victorias-secret-climbs-to-record-high-as-chain-outperforms-135153111.html
https://finance.yahoo.com/news/victorias-secret-climbs-to-record-high-as-chain-outperforms-135153111.html
Gold Pares Gains as US Jobs Data Reinforces Higher-Rate Bets
https://finance.yahoo.com/markets/commodities/articles/gold-edges-higher-traders-weigh-062316411.html
https://finance.yahoo.com/markets/commodities/articles/gold-edges-higher-traders-weigh-062316411.html
Yahoo Finance
Gold Pares Gains as US Jobs Data Reinforces Higher-Rate Bets
(Bloomberg) -- Gold pared gains after robust US jobs data reinforced bets that the Federal Reserve will keep interest rates higher for longer, a headwind for the precious metal.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is U…
Broadcom Stock Hit Another Record High. Why Google's Big AI Buildout Is a Boon for the Chipmaker
https://finance.yahoo.com/markets/stocks/articles/broadcom-stock-hit-another-record-201101591.html
https://finance.yahoo.com/markets/stocks/articles/broadcom-stock-hit-another-record-201101591.html
Yahoo Finance
Broadcom Stock Hit Another Record High. Why Google's Big AI Buildout Is a Boon for the Chipmaker
Broadcom shares climbed to a fresh high Tuesday, ahead of its earnings Wednesday.
AI Bubble or Not, the Stock Prices of These Dotcom Darlings Are Soaring Like It's 1999
https://finance.yahoo.com/markets/stocks/articles/ai-bubble-not-stock-prices-194343850.html
https://finance.yahoo.com/markets/stocks/articles/ai-bubble-not-stock-prices-194343850.html
Yahoo Finance
AI Bubble or Not, the Stock Prices of These Dotcom Darlings Are Soaring Like It's 1999
Shares of Hewlett Packard Enterprise soared on Tuesday after AI demand boosted its quarterly results. It joins Dell, Cisco and Intel among Dotcom Bubble survivors that are once again being boosted by a massive tech infrastructure buildout.
Crypto Liquidations Top $1 Billion as Bitcoin’s Slide Deepens
https://finance.yahoo.com/markets/crypto/articles/bitcoin-tumbles-below-70-000-103347188.html
https://finance.yahoo.com/markets/crypto/articles/bitcoin-tumbles-below-70-000-103347188.html
Yahoo Finance
Crypto Liquidations Top $1 Billion as Bitcoin’s Slide Deepens
(Bloomberg) -- Souring Bitcoin sentiment has triggered almost $1.5 billion in crypto liquidations over the past 24 hours, as the largest digital asset sank back to a two-month low. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is…