SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ: DECO)

Ultime notizie per SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:DECO)

Technology

Financial Services

Industrials

Other

Under normal circumstances, the Fund will invest at least 80 percent of its net assets (plus any borrowings for investment purposes), directly or indirectly, in Digital Asset Ecosystem investments and other instruments that provide exposure to the Digital Asset Ecosystem. The Fund will provide shareholders with at least sixty (60) days' notice prior to any change in its 80 percent investment policy. The Fund expects to gain exposure to Spot Crypto Asset ETPs and crypto asset futures by investing in a wholly-owned subsidiary, an exempted limited company organized under the laws of the Cayman Islands (Subsidiary). The Subsidiary and the Fund may also invest in cash and cash equivalents or money market instruments (including money market funds advised by SSGA FM), which are intended to provide liquidity, preserve capital, and serve as collateral for the Subsidiary's or Fund's derivative instruments. Collective exposure to Crypto Asset Futures ETFs, Spot Crypto Asset ETPs and crypto asset futures will not exceed 25 percent of the Fund's assets. The Fund does not invest directly in crypto assets.

Riot Blockchain Inc.

Cipher Mining Tech Pipe

Micron Technology, Inc.

Coinbase Global, Inc.

Taiwan Semiconductor Manufacturing

Robinhood Markets Inc - A

Core Scientific Inc Common Stock

Vertiv Group Corp

Cleanspark Inc.

Iris Energy Ltd

Ishares Bitcoin Trust

Jpmorgan Chase & Co.

Mastercard Inc

Visa Inc

SPDR Galaxy Digital Asset Ecosystem ETF

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

Markets

$BTC

DECO

MSFT

Il rifiuto di Microsoft Corp. (NASDAQ:MSFT) di investire in Bitcoin (CRYPTO: BTC) ha smorzato gli animi degli appassionati di criptovalute che speravano che la mossa del colosso tecnologico avrebbe spinto la domanda per il 

Microsoft dice no al Bitcoin, ma un suo azionista scommette forte sulle cripto

DECOIN

Offerings

Safe & Green Holdings Announced Stock Purchase Agreement With Generating Alpha for Sale of Up To  $100M Of Newly Issued Common Shares

<a href="https://www.wsj.com/business/retail/procter-gamble-to-cut-7-000-jobs-400a6a36?gaa_at=eafs&amp;gaa_n=ASWzDAhZcl-BL1P6MKQp-cGvBfrU7lwAjiLR23IuC_iCQjPmlx59LCFsFxBOkNEL33Y%3D&amp;gaa_ts=68417096&amp;gaa_sig=1SvYnZLSUqrHYEwYxICLtRK5qV9Xr8HGwWwNruDMzeoUzVpBInYIKzpLgDA-vfJj0UoHmeM8a5xB1CsLuORnbg%3D%3D" title="https://www.wsj.com/business/retail/procter-gamble-to-cut-7-000-jobs-400a6a36?gaa_at=eafs&amp;gaa_n=ASWzDAhZcl-BL1P6MKQp-cGvBfrU7lwAjiLR23IuC_iCQjPmlx59LCFsFxBOkNEL33Y%3D&amp;gaa_ts=68417096&amp;gaa_sig=1SvYnZLSUqrHYEwYxICLtRK5qV9Xr8HGwWwNruDMzeoUzVpBInYIKzpLgDA-vfJj0UoHmeM8a5xB1CsLuORnbg%3D%3D">https://www.wsj.com/business/retail/procter-gamble-to-cut-7-000-jobs-400a6a36?gaa_at=eafs&amp;gaa_n=ASWzDAhZcl-BL1P6MKQp-cGvBfrU7lwAjiLR23IuC_iCQjPmlx59LCFsFxBOkNEL33Y%3D&amp;gaa_ts=68417096&amp;gaa_sig=1SvYnZLSUqrHYEwYxICLtRK5qV9Xr8HGwWwNruDMzeoUzVpBInYIKzpLgDA-vfJj0UoHmeM8a5xB1CsLuORnbg%3D%3D</a>

The Wall Street Journal Reported Earlier,  Procter & Gamble To Cut 7,000 Jobs

Earnings

General

Yuanbao Reports Q1 2025 Sales Of $133.7M, EPS Of $0.15

ATIF Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBAI#NASDAQ">ZBAI</a>), today announced its strategic expansion into the Bitcoin (BTC) sector with an ambitious five-year plan to accumulate 1,000 BTC through a combination of direct purchases, and mining operations.
As part of this initiative, ATIF Holdings will deploy a hybrid approach in the next five years including:
<ul>
<li>- Direct acquisition of BTC in the open market;</li>
<li>- Building and Operating proprietary BTC mining facilities; and/or acquiring operating BTC mining sites</li>
</ul>
The company has tentatively selected West Texas as the primary location for its proprietary mining operations. This decision is driven by several key factors: Texas' favorable regulatory environment for digital asset mining, abundant and affordable land, and a well-developed, deregulated electricity market with competitive power costs. Additionally, ATIF Holdings aims to implement advanced power utilization strategies to further reduce production costs and enhance overall operational efficiency.
"We view Bitcoin not only as a long-term store of value but also as a strategic asset for growth and diversification," said Kamran Khan, the CEO. "Our investment in mining infrastructure—particularly in a power-efficient region like West Texas—positions us to participate directly in Bitcoin's network while optimizing cost control and scalability."
The planned mining facilities will emphasize energy efficiency, sustainable operations, and smart grid integration, aligning with broader industry trends towards responsible and forward-looking crypto infrastructure development.
The company has purchased BTC in the open market and plans to continue to do so in the near future. &nbsp;&nbsp;
This move marks a significant evolution in ATIF Holdings' business and underscores its commitment to innovation and long-term value creation in emerging technologies.

ZBAI

ATIF Holdings Unveils 5-Year Plan to Acquire 1,000 Bitcoin Through Mining and Direct Buys

<ul>
<li>DAZALS did not meet its primary endpoint of improved outcome in the ALS Functional Rating Scale-Revised (ALSFRS-R) in patients who received dazucorilant compared to patients who received placebo</li>
<li>DAZALS met its secondary endpoint of improved overall survival at week 24 of the study in patients who received 300 mg of dazucorilant compared to patients who received placebo</li>
<li>Exploratory analysis at the one-year mark shows continued significant improvement in overall survival between patients who received 300 mg of dazucorilant and those who received placebo only</li>
<li>Corcept seeking guidance from United States and European regulators on optimum path forward</li>
</ul>

Biotech

Health Care

CORT

Corcept Therapeutics Presented Results From Its DAZALS Study Of Dazucorilant In Patients With ALS At The European Network To Cure ALS 2025 Annual Meeting, DAZALS Did Not Meet Its Primary Endpoint Of Improved Outcome In The Als Functional Rating Scale-revised Compared To Placebo

Ascendiant Capital analyst Edward Woo maintains Plus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) with a Buy and raises the price target from $20 to $20.5.

Price Target

Analyst Ratings

PSTV

Ascendiant Capital Maintains Buy on Plus Therapeutics, Raises Price Target to $20.5

Former Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Steve Ballmer publicly acknowledged the tech giant&#8217;s critical strategic error in mobile computing. 
What Happened: The admission highlights how overconfidence in Windows prevented Microsoft from capitalizing on the smartphone revolution that propelled Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) to market dominance.
During his 34-year Microsoft tenure discussion, Ballmer explained during a recent Acquired podcast appearance that Microsoft&#8217;s fundamental miscalculation with its mobile strategy.
&#8220;We were too confident,&#8221; Ballmer stated, describing how the company attempted to force Windows into unsuitable markets rather than developing platform-specific solutions.
&#8220;I don&#8217;t think we stuck with Windows too long. I think what we did is we tried to put Windows in places that it didn&#8217;t naturally go,&#8221; Ballmer said. He cited Windows Mobile and automotive applications as prime examples where Microsoft&#8217;s insistence on Windows APIs and user interfaces created unnatural product experiences.
The former CEO revealed that Microsoft&#8217;s approach stemmed from both &#8220;paranoia and confidence&#8221; in Windows as their &#8220;birthright&#8221; and &#8220;permission to enter&#8221; new market areas. This strategy extended to media center applications and TV integration, where simplified Windows layers failed to compete with purpose-built alternatives.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">Trump&#8217;s 50% Steel Tariff Could Drive Up The Costs For Automakers: &#8216;Almost $2,000 Of Cost For Each Car&#8217;</a>
Why It Matters: Ballmer&#8217;s mobile strategy failure represents one of technology&#8217;s <a href="https://www.benzinga.com/25/05/45458915/had-microsoft-built-phones-earlier-things-might-look-different-today-steve-ballmers-missed-call-now-worth-289000-to-apple-investors">most expensive missed opportunities</a>. In a 2014 interview, he admitted Microsoft should have pivoted to hardware manufacturing earlier, acknowledging that Apple and Samsung &#8220;both did it by making phones&#8221; to surpass Microsoft&#8217;s profitability leadership.
Microsoft maintains a $3.36 trillion market capitalization as one of the world&#8217;s most valuable companies. Ballmer&#8217;s Windows-centric approach contrasts sharply with CEO Satya Nadella&#8216;s transformation strategy, which embraced cloud services and strategic acquisitions like LinkedIn. Microsoft&#8217;s 2019 investment in OpenAI under Nadella finally enabled the company to challenge Google&#8216;s <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35912780/steve-ballmer-vs-satya-nadella-one-microsoft-ceo-would-have-turned-your-1000-investment">dominance after decades of struggle</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="The Steve Ballmer Interview" width="500" height="281" src="https://www.youtube.com/embed/CYC49_aeop0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45786038/amazon-expands-cloud-ai-footprint-with-10-billion-data-center-investment-in-north-carolina">Amazon Expands Cloud, AI Footprint With $10 Billion Data Center Investment In North Carolina</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: katuSka on Shutterstock.com

Equities

AAPL

SSNLF

Steve Ballmer Admits Microsoft Missed Mobile By Clinging To Windows: 'We Were Too Confident'

Needham analyst Tom Nikic reiterates PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Buy and maintains $115 price target.

Reiteration

Needham Reiterates Buy on PVH, Maintains $115 Price Target

Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. This is a 38.89 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $103.86 million which missed the analyst consensus estimate of $105.65 million by 1.69 percent. This is a 6.42 percent increase over sales of $97.60 million the same period last year.

Earnings Beats

Earnings Misses

Waterdrop Q1 Adj. EPS $0.05 Beats $0.04 Estimate, Sales $103.86M Miss $105.65M Estimate

BitFuFu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUFU#NASDAQ">FUFU</a>) reported quarterly losses of $(0.10) per share which missed the analyst consensus estimate of $0.06 by 266.67 percent. This is a 143.48 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $78.04 million which missed the analyst consensus estimate of $99.81 million by 21.81 percent. This is a 45.96 percent decrease over sales of $144.41 million the same period last year.

FUFU

BitFuFu Q1 EPS $(0.10) Misses $0.06 Estimate, Sales $78.04M Miss $99.81M Estimate

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) are facing regulatory delays in launching their artificial intelligence partnership in China, as Beijing withholds approval amid complex U.S.-China trade dynamics. What Happened: The tech giants submitted multiple AI products co-developed for Apple Intelligence services to China&#8217;s Cyberspace Administration this year, but applications remain stalled due to increasing geopolitical uncertainties, <a href="https://www.ft.com/content/0c76f3c2-7213-42a5-8f30-b101b7616db0">reported</a> the Financial Times, citing sources.
Apple&#8217;s AI rollout delay comes as the company battles declining market share in China&#8217;s premium smartphone segment. International Data Corporation data shows Apple&#8217;s <a href="https://www.benzinga.com/25/05/45427189/tencent-says-it-has-enough-high-end-ai-chips-to-train-models-for-generations-after-trump-administration-bans-huawei-tech-anywhere-in-the-world">high-end market share dropped</a> from 70% in early 2023 to 47% in the first quarter of 2025, while Huawei Technologies climbed from 13% to 35%.
The partnership represents<a href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval"> Apple&#8217;s second attempt at AI integration</a> in China after its collaboration with Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) failed to meet expectations. 
China requires international companies to <a href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval">partner with domestic firms for AI services</a>, prompting Apple to team with Alibaba after exploring options including Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and ByteDance.
Apple and Alibaba did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45786854/magnificent-7-drive-54-of-market-cap-gains-in-sp-500-since-april-lows-the-market-cannot-survive-without-big-tech">Magnificent 7 Drive 54% Of Market Cap Gains In S&amp;P 500 Since April Lows: &#8216;The Market Cannot Survive Without Big Tech&#8217;</a>
Why It Matters: President Donald Trump&#8216;s trade policies have particularly impacted Apple, with threats of 25% tariffs on devices unless manufacturing returns to the U.S. Despite this pressure, Apple continues<a href="https://www.benzinga.com/news/global/25/05/45582261/despite-trumps-warning-to-tim-cook-apple-moves-ahead-with-1-5-billion-india-expansion-via-foxconn-to-boost-iphone-production-report"> expanding its India operations </a>through Foxconn with a $1.5 billion investment.
The CAC typically approves AI models through official testing and has cleared over 300 domestic models. However, US-related partnerships now face extended review periods requiring State Council approval, according to the report, which is engaged in ongoing trade negotiations.
Read Also:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/06/45786818/steve-ballmer-says-he-didnt-speak-to-bill-gates-for-a-year-after-becoming-microsoft-chief-reveals-power-struggle-and-rift-over-real-ceo-role">Steve Ballmer Says He &#8216;Didn&#8217;t Speak&#8217; To Bill Gates For A Year After Becoming Microsoft Chief: Reveals Power Struggle And Rift Over &#8216;Real CEO&#8217; Role</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

BABA

BIDU

TCEHY

Apple And Alibaba's AI Launch In China Delayed By US-China Trade Tensions And Regulatory Hurdles: Report

Needham analyst Joshua Reilly maintains TechTarget (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) with a Buy and lowers the price target from $25 to $15.

TTGT

Needham Maintains Buy on TechTarget, Lowers Price Target to $15

In its latest move against a major U.S. university, the Trump administration said Columbia University has fallen short of required accreditation standards.
What Happened: On Wednesday, the Education Department formally notified the Middle States Commission on Higher Education that Columbia University violated federal anti-discrimination laws.
According to a statement from Education Secretary Linda McMahon, "Columbia University's leadership acted with deliberate indifference towards the harassment of Jewish students on its campus. This is not only immoral, but also unlawful."
This announcement comes after a joint investigation by the Department of Education and the Department of Health and Human Services, which concluded in May that Columbia displayed "failed to meaningfully protect Jewish students against severe and pervasive harassment on Columbia's campus and consequently denied these students' equal access to educational opportunities to which they are entitled under the law."
The investigation was launched amid pro-Palestinian demonstrations sparked by Israel's attacks on Gaza, which <a href="https://www.amnesty.org/en/latest/news/2024/12/amnesty-international-concludes-israel-is-committing-genocide-against-palestinians-in-gaza/">Amnesty International</a>, <a href="https://www.hrw.org/news/2024/12/19/israels-crime-extermination-acts-genocide-gaza">Human Rights Watch</a>, and <a href="https://www.middleeasteye.net/live-blog/live-blog-update/top-genocide-scholars-unanimous-israel-committing-genocide-gaza-dutch">leading genocide scholars</a> have identified as a genocide.
See Also: <a href="https://www.benzinga.com/news/legal/25/06/45786428/trump-shuts-the-door-on-permanent-immigration-and-most-visas-from-these-12-nations">Trump Shuts The Door On Permanent Immigration And Most Visas From These 12 Nations</a>
Why It Matters: A university's ability to access federal funding and maintain academic credibility is dependent on its accreditation status.
A loss of accreditation would risk student eligibility for financial aid programs like Pell Grants and federal loans, which many rely on to afford higher education.
The administration's move against Columbia comes when tensions with Harvard University are ongoing. In April, the administration announced it would <a href="https://www.benzinga.com/25/04/44804541/trump-administration-halts-2-2-billion-in-harvard-grants-after-university-says-dont-dictate-what-we-can-teach-or-who-we-admit">suspend $2.2 billion in federal grants</a> to Harvard University after the school declined to eliminate its diversity, equity, and inclusion (DEI) programs and proposed vetting international students for ideological beliefs as per their directives.
In May, <a href="https://www.benzinga.com/personal-finance/25/05/45602347/trump-escalates-war-on-ivy-league-harvard-loses-450m-more-in-federal-grants">another $450 million in federal grants</a> was withdrawn. The administration also revoked the university's ability to <a href="https://www.benzinga.com/25/05/45578777/trump-administration-revokes-harvards-ability-to-enroll-international-students-kristi-noem-alleges-coordination-with-chinese-communist-party">enroll international students</a>, which was blocked by a federal judge. On Wednesday, President Donald Trump <a href="https://edition.cnn.com/2025/06/04/us/trump-harvard-student-visas-suspended">issued a proclamation</a> suspending international visas for incoming students at the university.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45785851/elizabeth-warren-says-trumps-one-big-beautiful-bill-will-rip-away-health-coverage-from-16-million-americans-just-so-jeff-bezos-can-buy-a-third-ya">Elizabeth Warren Says Trump&#8217;s &#8216;One Big Beautiful Bill&#8217; Will &#8216;Rip Away&#8217; Health Coverage From 16 million Americans — Just So Jeff Bezos Can Buy A Third Yacht</a></li>
</ul>
Photo courtesy: Shutterstock

Education

Trump Administration Says Columbia University Violated Federal Law, Threatens Accreditation Over 'Failure To Protect' Jewish Students During Campus Protests

U.S. stock futures were flat on Thursday after a mixed close on Wednesday. Futures of major benchmark indices were mixed in premarket.
The tepid move followed ADP data showing that the <a href="https://www.benzinga.com/markets/economic-data/25/06/45768817/us-private-sector-hiring-slows-the-most-in-2-years-powell-must-now-lower-the-rate-trump-says">private payroll additions tumbled</a> in May as weak consumer sentiment and trade policy uncertainty weighed on hiring. 
"ADP number out!!! &#8216;Too Late&#8217; Powell must now lower the rate. He is unbelievable!!! Europe has lowered nine times!" Donald Trump wrote on Truth Social shortly after the release.
Meanwhile, the 10-year Treasury bond yielded 4.35% and the two-year bond was at 3.87%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 95.6% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.14%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.05%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.01%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.15%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.12% at $596.66, while the QQQ advanced 0.10% to $529.30, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks settled mixed on Wednesday, with the Dow Jones index snapping a four-session winning streak.
Most S&amp;P 500 sectors ended positively on Wednesday, with communication services, materials, and real estate stocks leading the gains on Wednesday.
However, energy and utilities stocks underperformed, closing the session in the red.
Yext Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) shares soared over 31% after the company raised its FY26 adjusted EPS guidance above estimates. Dollar Tree Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NYSE">DLTR</a>) shares fell over 8% following its first-quarter results.
On the economic data front, the ISM services PMI dropped to 49.9 in May from 51.6 the prior month, missing market expectations of 52. U.S. private businesses added 37K workers to payrolls in May, down from a revised 60K in the previous month.
The Dow Jones index ended 92 points or 0.22% lower at 42,427.74, whereas the S&amp;P 500 index rose 0.0074% to 5,970.81. Nasdaq Composite advanced 0.32% to 19,460.49, and the small-cap gauge, Russell 2000, gained 0.21% to end at 2,098.48.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.32%</td>
<td>19,460.49</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.0074%</td>
<td>5,970.81</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.22%</td>
<td>42,427.74</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.21%</td>
<td>2,098.48</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ross Gerber, CEO of Gerber Kawasaki Wealth &amp; Investment Management, <a href="https://www.benzinga.com/news/politics/25/06/45785484/trump-cant-demand-lower-rates-while-creating-inflation-with-tariffs-and-money-printing-says-ross-gerber-backs-feds-patience">backed the Federal Reserve's choice</a> to maintain interest rates, while strongly condemning President Trump's trade and tariff strategies, as well as the fiscal expansion fueling inflation. 
In a Wednesday post on X, Gerber stated that Federal Reserve Chair Jerome Powell was "doing the right thing" by keeping interest rates unchanged, awaiting a clearer picture of Trump's tariff effects.
Gerber contends that if Trump desires lower interest rates, he should steer clear of inflation-driving policies like the inflationary tariff approach and the "One Big, Beautiful Bill," which will likely increase the fiscal deficit and national debt.
The GOP bill, which narrowly passed the House in May, includes significant tax cuts paired with heightened spending on defense, manufacturing, and infrastructure.
"If Trump wants lower rates, then he should stop working on creating inflation through vast amounts of money printing," he said.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Powell and the Fed are doing the right thing holding rates while waiting to see the damage caused by trumps tariffs. If Trump wants lower rates then he should stop working on creating inflation through vast amounts of money printing.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1930303657406542235?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Louis Navellier of Navellier &amp; Associates said that tariff negotiations with China were &#8220;hitting an impasse,&#8221; thus he added &#8220;a call between President Xi Jinping and President Trump may be imminent.&#8221;
Contrary to Gerber&#8217;s view, Navellier said that &#8220;The Fed has said inflation is its main priority, but a weak payroll report could cause the Fed to key interest rates sooner rather than later.&#8221;
Meanwhile, Adam Turnquist, the chief technical strategist at LPL Financial, <a href="https://www.benzinga.com/markets/equities/25/06/45787192/nasdaq-100s-premium-valuation-is-easier-to-digest-as-growth-optimism-surges-for-2026-momentum-remains-bullish">hinted in his technical analysis</a> that it was "easier to digest" the Nasdaq 100 index's premium valuation given the growth optimism for 2025 and 2026. 
&#8220;A jump in expected operating margins from 18.0% in 2024 to 23.8% in 2025 and 25.6% in 2026 makes the premium valuation easier to digest (along with the AI-themed tailwinds)," explained Turnquist.
From a technical perspective, Turnquist suggests that the index's "Momentum remains bullish after the recent reset from overbought levels." The Nasdaq 100 has rallied out of a bear market in less than two months.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul class="wp-block-list">
<li>The initial jobless claims data for the week ended May 31, April U.S. trade deficit, and first quarter&#8217;s U.S. productivity data will be out by 8:30 a.m. ET.</li>
<li>Federal Reserve Governor Adriana Kugler will speak at noon, and Philadelphia Fed President Patrick Harker will speak at 1:30 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 3.41% in premarket on Tuesday as analysts expect it to report quarterly earnings of 52 cents per share on revenue of $1.09 billion, before the opening bell.</li>
<li>Toro Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) declined 1.43% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.39 per share on revenue of $1.35 billion.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) was up 0.70% as analysts expect it to report quarterly earnings of $1.56 per share on revenue of $14.99 billion, after the closing bell.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) dropped 8.86% after it cut fiscal 2026 adjusted EPS guidance from a range of $12.40 to $12.75 to a new range of $10.75 to $11, versus the $12.52 analyst estimate.</li>
<li>MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) jumped 15.16% after it reported better-than-expected first-quarter financial results for fiscal 2026 after the market closed on Wednesday. It also raised its outlook for fiscal 2026.</li>
<li>Mullen Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) fell 18.01% after it announced that it entered into securities purchase agreements following its 1-for-100 reverse stock split on Wednesday.</li>
<li>Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) gained 5.39% after it beat analyst estimates on the top and bottom lines in the first quarter.</li>
<li>ChargePoint Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) was 12.92% lower after it reported losses of six cents per share, which met the analyst consensus estimate. Quarterly revenue comes in at $97.64 million, which missed the Street estimate of $100.53 million.</li>
<li>Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) surged 19.05% after its first-quarter revenue came in at $66.27 million, beating the $62.3 million Street estimate. The company sees second-quarter revenue in a range of $65 million to $67 million, versus the $65.19 million estimate.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.38% to hover around $63.09 per barrel.
Gold Spot US Dollar rose 0.30% to hover around $3,382.45 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.07% at the 98.8540 level.
Asian markets were mixed on Thursday as Japan's Nikkei 225 and Australia's ASX 200 indices fell. While India's S&amp;P BSE Sensex, South Korea's Kospi, China&#8217;s CSI 300, and Hong Kong's Hang Seng indices advanced. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45786854/magnificent-7-drive-54-of-market-cap-gains-in-sp-500-since-april-lows-the-market-cannot-survive-without-big-tech">Magnificent 7 Drive 54% Of Market Cap Gains In S&amp;P 500 Since April Lows: &#8216;The Market Cannot Survive Without Big Tech&#8217; </a></li>
</ul>
Photo courtesy: Shutterstock

AVGO

CHPT

CIEN

DLTR

FIVE

MULN

YEXT

US Stocks Likely To Open On A Mixed Note After Dow Snaps Four-Day Run: 'Powell And The Fed Are Doing The Right Thing Holding Rates,' Says Expert

Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) affirms FY2025 sales outlook from $570.00 million-$595.00 million to $570.00 million-$595.00 million vs $569.97 million estimate.

Guidance

DLTH

Duluth Holdings Affirms FY2025 Sales Guidance of $570.00M-$595.00M Vs $569.97M Est

Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) reported quarterly losses of $(0.32) per share which beat the analyst consensus estimate of $(0.40) by 20 percent. This is a 33.33 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $102.70 million which missed the analyst consensus estimate of $106.49 million by 3.56 percent. This is a 11.98 percent decrease over sales of $116.68 million the same period last year.

Duluth Holdings Q1 Adj. EPS $(0.32) Beats $(0.40) Estimate, Sales $102.70M Miss $106.49M Estimate

A new study finds that President Donald Trump's tariff policies are landing hardest on the nation's poorest households, with the bottom income decile bearing the brunt of the economic fallout.
What Happened: On Sunday, Yale University&#8217;s The Budget Lab, a non-partisan policy research center, unveiled <a href="https://budgetlab.yale.edu/research/state-us-tariffs-june-1-2025">its</a> report titled &#8220;State of U.S. Tariffs,&#8221; assessing the impact of Trump&#8217;s &#8220;Liberation Day&#8221; tariffs across American households and industry. 
The report, which analyzes all U.S. tariffs and foreign retaliation measures implemented through June 1, calculates short-run consumer losses before households shift their spending habits, as they often do in response to shifting market and price dynamics. 
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">Trump&#8217;s 50% Steel Tariff Could Drive Up The Costs For Automakers: &#8216;Almost $2,000 Of Cost For Each Car&#8217;</a>
However, even after the substitution effect kicks in, the study finds a lasting impact on household purchasing power, with consumer prices up 1.3%, and the average American family facing $2,200 in additional annual expenses.
&#8220;Tariffs are functionally a regressive tax,&#8221; the report states, as its findings point to a steep gradient in burden across income brackets. This means that lower-income households are losing a much bigger share of their income to higher prices than those in the higher brackets.
While the second decile also faces a severe reduction in disposable income, wealthier households are far less affected. The top 10% of earners see only a 1% hit, or about $5,000, but as a share of income, the impact is relatively modest.
Clothing, shoes, and vehicle prices have seen the sharpest increases so far, according to the report. Footwear is up 31%, and new vehicle costs have climbed by over $6,000 on average. 
The Yale team has modeled these effects under a &#8220;policy in perpetuity&#8221; assumption, meaning all 2025 tariffs are assumed to remain indefinitely, even those officially labeled temporary.
Beyond households, the macro impacts are mounting, with the report estimating that U.S. GDP will shrink by 0.5 percentage points in 2025, and job losses are expected to reach 376,000 by the end of this year.
Why It Matters: The report is rather tame this time around, with The Budget Lab forecasting a 64% <a href="https://www.benzinga.com/news/retail-sales/25/04/44860532/trumps-tariff-hikes-on-clothing-wont-clobber-shoppers-right-away-heres-why">rise in apparel prices</a> over a month ago, just weeks after the tariffs were announced. It now pegs the figure at 28%. 
Economists on Wall Street are <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45353863/new-inflation-data-hits-tuesday-why-it-could-kill-fed-rate-cut-hopes">broadly in consensus</a> that the annual headline inflation rate will remain above 2.4%, ahead of the Fed&#8217;s 2% target for initiating rate cuts, largely attributed to April&#8217;s tariff shock.
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/06/45786818/steve-ballmer-says-he-didnt-speak-to-bill-gates-for-a-year-after-becoming-microsoft-chief-reveals-power-struggle-and-rift-over-real-ceo-role">Steve Ballmer Says He &#8216;Didn&#8217;t Speak&#8217; To Bill Gates For A Year After Becoming Microsoft Chief: Reveals Power Struggle And Rift Over &#8216;Real CEO&#8217; Role</a></li>
</ul>
Photo courtesy: Rawpixel.com / Shutterstock.com

Economics

Trump's Tariffs Hit Poorer Households The Hardest: Yale's Budget Lab Finds 2.5% Drop In Disposable Income For Bottom Decile

The U.S. Vehicle Suppliers Association has called for immediate measures to address China&#8217;s limited rare earths exports, warning of potential disruptions in auto parts production.
What Happened:&nbsp;The Motor &amp; Equipment Manufacturers Association (MEMA) issued a statement on Wednesday, urging prompt action to resolve the issue of China&#8217;s&nbsp;restricted exports of rare earths,&nbsp;minerals, and magnets. The association warned that the situation could quickly disrupt the production of auto parts,&nbsp;Reuters&nbsp;reported.
China, which dominates more than 90% of the world's rare earth processing capacity, imposed export restrictions in April, mandating that companies secure licenses from Beijing. These measures came in response to a trade war that began when President Donald Trump introduced tariffs on Chinese goods.
The MEMA, in its statement, highlighted the &#8220;serious, real-time risks&#8221; faced by parts companies due to the unresolved situation.&nbsp;The association stressed the immediate need for strong action to avoid major disruptions and economic consequences throughout the vehicle supplier industry.
The report states that the U.S. auto industry is already experiencing the effects of these restrictions. In May, Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) was forced to suspend production of its Explorer SUV at its Chicago plant for a week due to a shortage of rare-earth materials. 
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Why It Matters: The restrictions on rare-earth magnets from China have been a <a href="https://www.benzinga.com/news/topics/25/05/45708426/chinas-rare-earth-magnet-restrictions-threaten-auto-production-could-result-in-shutdown-of-assembly-lines-report">cause for concern</a> for global automakers, potentially leading to factory closures within weeks.&nbsp;
During early May, auto suppliers and trade groups representing major automakers, including General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen and Hyundai, warned that Chinese restrictions on key materials could seriously disrupt the production of essential automotive components.
Jim Cramer, renowned CNBC host, also raised concerns about China's <a href="https://www.benzinga.com/markets/commodities/25/06/45784952/jim-cramer-says-the-chinese-could-really-hurt-us-as-beijing-tightens-grip-on-rare-earth-magnets-warns-of-threat-to-everything-from-autos-to-data-centers">tightening grip</a> on the rare-earth supply chain, which poses a critical risk to U.S. industries.
That being said, industry experts believe that the U.S. has multiple options to establish a domestic supply chain for rare earths within the<a href="https://www.benzinga.com/markets/25/04/45005825/us-has-tons-of-solutions-to-secure-rare-earth-production-if-china-halts-exports-experts-say-but-warn-of-significant-challenges"> next five </a>years, but warn that the process is fraught with challenges.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/legal/25/06/45786428/trump-shuts-the-door-on-permanent-immigration-and-most-visas-from-these-12-nations" target="_blank" rel="noreferrer noopener">Trump Shuts The Door On Permanent Immigration And Most Visas From These 12 Nations &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

US Auto Suppliers Urge Immediate Action To Tackle China's Rare Earths Restrictions Amid 'Serious, Real-Time Risks'

Piper Sandler analyst Brent Bracelin maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Overweight and raises the price target from $200 to $275.

Piper Sandler Maintains Overweight on MongoDB, Raises Price Target to $275

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45572996/apple-likely-to-open-llms-integrate-gemini-on-iphone-at-wwdc-analyst">gearing up for its annual</a> Worldwide Developers Conference (WWDC), set to run from June 9 to June 13. The highly anticipated event will once again be held online, with the keynote streaming live from Apple Park in Cupertino, California.
Keynote Details
The WWDC 2025 keynote is scheduled for Monday, June 9, at 1 p.m. ET. Viewers can watch the livestream on Apple's website (apple.com), the Apple TV app and the company's official YouTube channel.
What To Expect
Apple is expected to unveil iOS 19 for the iPhone, along with updates to its full suite of operating systems, including iPadOS, macOS, watchOS and tvOS. While last year's <a href="https://www.benzinga.com/news/24/06/39245542/dont-miss-apples-wwdc-2024-keynote-how-and-where-to-watch-on-june-10">event spotlighted Apple Intelligence</a>—a new suite of AI-powered features—this year's focus is expected to shift toward core software enhancements and developer tools.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45781527/apple-app-store-sales-jump-in-may-boosting-outlook-for-services-growth">Apple App Store Sales Jump In May, Boosting Outlook For Services Growth</a>
Following the keynote, Apple will host its annual "Platforms State of the Union" address, offering a deeper dive into new technologies. The week will feature over 100 technical sessions, as well as group and one-on-one lab sessions for developers.
Spotlight On Students
As part of its ongoing commitment to education, Apple will invite 50 winners of its Swift Student Challenge to attend the event in person at its headquarters in Silicon Valley.
Why It's Important: Despite its status as the third most valuable company in the world right now, with a market cap of $3.029 trillion, Apple has taken a <a href="https://www.benzinga.com/news/topics/25/06/45716470/nokia-was-worth-40-times-more-than-apple-25-years-ago-when-the-legendary-nokia-3310-was-launched-7-years-later-steve-jobs-ended-the-era-of-dumb-phones-is-the-writing-on-the-wall-for-cupertino-as-i">more cautious approach</a> to the rapid rise of AI that is transforming the tech landscape.
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In contrast, competitors such as Alphabet's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and emerging players like OpenAI are moving quickly to roll out AI-powered tools for both consumers and businesses.
Previously, it was reported that Apple is unlikely to stage a major AI comeback at WWDC 2025. Apple is reportedly <a href="https://www.benzinga.com/news/topics/25/06/45712700/apples-ai-struggles-to-keep-pace-with-rivals-ahead-of-wwdc-2025">aiming for a stronger AI showing</a> at WWDC 2026, but delaying progress is risky given how fast competitors are advancing.
The most notable AI-related update this year will be the opening of Apple's Foundation Models to third-party developers.
Benzinga's Edge Stock Rankings indicate that Apple is experiencing a negative price trend across the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed metrics are available here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05044518/Screenshot-2025-06-05-at-2.11.54%E2%80%AFPM.png" alt="" class="wp-image-939399" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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