📈 Stocks / Finance

Trade Stall Hits Sentiment, But Soft Inflation Lifts Fed Hopes

Nasdaq

The S&P 500 slipped -0.01% Friday while the Dow rose +0.13% and the Nasdaq fell -0.11% as US-China trade friction weighed on sentiment. Apr core PCE rose just +2.5% y/y—its slowest pace in 4+ years—fueling hopes for dovish Fed policy amid strong income data and downward-revised inflation forecasts.

Markets rally on revived TACO trade amid tariff chaos

The Street

Markets swung sharply as Trump’s tariff threats and reversals fueled the “TACO” (Trump Always Chickens Out) trade. The S&P 500 dropped 1% intraday May 30 before rebounding 1.3%. Palantir jumped 6.1%. Investors are betting Trump will again ease China trade rhetoric.

Analysts Cautiously Bullish on Dollar Stores Ahead of Earnings

Investopedia

Dollar General is forecasted to post $1.47 EPS on $10.26B revenue; Dollar Tree, $1.15 EPS on $4.53B. Most analysts rate both stocks a 'hold' or 'buy' despite price targets below current levels. UBS cites consumer trade-down trends and competitor exits as tailwinds.

🪙 Crypto

SEC Pushes Back on Crypto ETF Staking Plans

Pymnts

The SEC is questioning ETF plans by REX Financial and Osprey Funds offering crypto staking exposure, citing possible misclassification under securities law. The agency flagged concerns over misleading disclosures and improper filings despite prior registration approvals.

🌎 Global Economy

OPEC+ ramps up July output despite falling prices

The Business Standard

OPEC+ will raise output by 411,000 bpd in July, continuing a tripled increase that began in May. The group cites healthy demand and low inventories but aims to reclaim market share, pressuring rivals like U.S. shale. Oil prices fell below $63 on the news.

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