Presented by CyberCatch

CLOSING BELL
Bull Market’s Back 🤔 

The S&P 500 surged past 6,000 Friday for the first time since February after a stronger-than-expected May jobs report lifted investor sentiment. President Trump urged the Federal Reserve to cut interest rates by a full percentage point, arguing it would be “rocket fuel” for the economy, though futures markets only price in about two small cuts this year. According to tweets, the U.S. and China will meet in London to restart trade talks. Speaking of tweets, the Musk-Trump feud simmered, and Musk asked for peace, but Trump said he was not ready just yet. Musk lost $34B on paper Thursday, the worst day for TSLA ever, and DJT fell 8%. 👀

Today’s issue covers Space Stocks Soar On SpaceX Spending Spat, S&P Global Site Crashes As Investors Spam To See Who Gets Onto The S&P 500, and More 📰

With the final numbers for indexes and the ETFs that track them, all sectors closed green, with energy $XLE ( ▲ 1.88% ) leading and materials $XLB ( ▲ 0.26% ) lagging.

finviz

S&P 500 $SPY ( ▲ 1.03% ) 6,000

Nasdaq 100 $QQQ ( ▲ 0.98% ) 21,761

Russell 2000 $IWM ( ▲ 1.62% ) 2,132

Dow Jones $DIA ( ▲ 1.04% ) 42,763

STOCKS
Space Stocks Soar On SpaceX Spending Spat 🚀 

One group of moonshot stocks climbed during the Trump-Musk spat— space race companies.

Why?

A portion of Thursday’s feud festivities focused on government contracts. Trump said he would see about cutting some of SpaceX rocket contracts if Musk would not play nice, and Musk preemptively said he was discontinuing his Dragon spacecraft that ferries people to the International Space Station.

He walked back the claim, but space stocks surged as investors tried to price in the possibility that competitors might get SpaceX contracts. According to Bloomberg, SpaceX and Tesla have pulled in $22.5B in federal contracts since 2000, a hefty sum even compared to D.O.G.E. spending cuts, which have climbed to about $180B.

$ASTS ( ▲ 1.1% ) was up just 1% Friday, but has climbed more than 30% in June. $RKT ( ▼ 0.23% ) also climbed. Virigin Galactic $SPCE ( ▲ 2.88% ) flew nearly 25% Thursday night.

ASTS was up, and sentiment climbed to ‘extremely bullish’

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COMPANY NEWS
S&P Global Site Crashes As Investors Spam To See Who Gets Onto The S&P 500 🏌️ 

Investors looked forward to Friday all week, and not just for the brief moment of labor respite the weekend brings. Friday was a scheduled S&P 500 ticker swap, and fintech favorites like Robinhood were up on the chopping block to join the cool kids table.

At the regular announcement time, the S&P 500 index addition section of the site within S&P Global crashed, presumably as investors flocked to check on updates.

Investors sentiment rose through the week to ‘extremely bullish’ on $HOOD ( ▲ 3.27% ) 

Why is this big news?

Coinbase flew 34% the week the stock was added to the heavy hitters list back in May. Investors were also betting on the inclusion of Applovin, Interactive Brokers, and Carvana.

Look for an update in the Weekend Rip on Sunday for the ultimate decision, as the site is not even twitching with life. 😆 

POPS & DROPS
Top Stories From The Stocktwits Newsdesk 🗞️ 

U.S. non-farm payrolls increased by 139,000 in May, exceeding expectations but signaling a slowdown from April’s revised total of 147,000. Read more

Fed Vice Chair Michelle Bowman called for a review of supervisory ratings, arguing that financial condition and regulatory assessments of large banks are misaligned. Read more

Gemini has confidentially filed for a U.S. IPO, following the SEC’s decision to drop its investigation and a $5 million settlement with the CFTC. Read more

DocuSign plunged over 18% despite beating Q1 estimates, as investors reacted to weaker-than-expected billings and a cautious full-year outlook. Read more

SuperCom surged over 10% after securing a new contract with a Midwest-based service provider, expanding its presence into Wisconsin, Minnesota, and Michigan. Read more

Ford, GM, and Stellantis secured temporary rare-earth export licenses from China after a Trump-Xi call, easing supply chain concerns for U.S. automakers. Read more

FuelCell Energy surged after reporting a 67% revenue increase in Q2, despite missing earnings estimates, as it announced a major restructuring plan. Read more

Hive Digital increased its Bitcoin mining hashrate by 58% in May, surpassing 10 EH/s as it scaled operations with a new hydro-powered facility in Paraguay. Read more

Omada Health surged 42% in its Nasdaq debut after pricing its IPO at $19 per share, raising $150 million and securing a valuation above $1 billion. Read more

iPower jumped over 7% after forming United Package NV LLC, a joint venture aimed at boosting U.S.-based packaging production and reducing reliance on overseas manufacturing. Read more

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

PRESENTED BY STOCKTWITS
🟢 WEEKEND RIP WITH BEN & EMIL…THE BROMANCE IS OVER!

Are Ben and Emil breaking up??! Or are they talking about Trump and Musk?

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📺️ The Day That Trump and Musk Torched Their Partnership

💅 Porsche not planning to shift final assembly of cars to US

⚠️ Boeing prepares to resume plane deliveries to China as tariff war eases

👀 US, Chinese officials to meet in London next week for new round of trade talks

🚘️  Used vehicle prices ease from tariff fear-buying highs but remain elevated

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