Nasdaq 100 futures have turned lower, while S&P 500 futures are down 0.3%.

On June 3, U.S. Treasury yields rose slightly following the release of ADP employment data, with the 10-year Treasury yield increasing by 2.8 basis points to 4.483%.

On June 3, according to market news, US Rare Earth (USAR.US) has finalized an agreement with the US Department of Commerce, securing up to $277 million in federal funding. The approved maximum guaranteed loan amount is $1.3 billion.

On June 3, according to CME's "FedWatch", the probability of the Federal Reserve maintaining interest rates unchanged in June is 98.3% (down from 98.4% before the data release), while the probability of a cumulative rate cut of 25 basis points is 1.7%. The probability of the Fed holding rates steady until July is 88%, with a cumulative rate hike of 25 basis points at 10.5%, and a cumulative rate cut of 25 basis points at 1.5%.

On June 3, it was reported that the ADP employment numbers in the United States increased by 122,000 in May, marking the largest increase since January of last year.

On June 3, market reports indicated that SpaceX's IPO could significantly increase the wealth of the already financially robust Trump administration. According to the latest publicly disclosed financial documents from officials, ten U.S. officials, including Special Envoy Witkoff and Small Business Administration Administrator Loeffler, have declared financial interests in SpaceX or xAI, both owned by Elon Musk. Based on last year's disclosure information, the total value of SpaceX or xAI stocks held by federal employees is at least $9.9 million, with a potential maximum of $43.8 million. Subsequently, these officials can sell all or part of their holdings without triggering additional disclosure requirements.

On June 3, Doubao announced the upcoming launch of its professional version. For the core features used daily by a wide range of users, including search Q&A, writing with images, and voice and video conversations, we will maintain the current free services to ensure that user experience and habits are not affected. We will also continue to provide new models, capabilities, and improved experiences for free users. The professional version will also be available for free up to a certain limit.

On June 3, JPMorgan's Head of Equity Strategy for Europe, the Middle East, and Africa, Natalia Lipichina, stated that the US profit 'supercycle' will drive the stock market to new highs, a trend fueled by substantial investments from large corporations and advancements in artificial intelligence technologies. Lipichina noted, 'We have actually just revised our expectations for the S&P 500 upward, and we believe that profit growth could reach 20% by 2026.' During the current earnings season, the S&P 500's profit growth has reached its highest level in five years, with most of the growth still coming from large tech companies. Lipichina described the recent profit growth performance as 'quite remarkable,' with the technology sector playing a significant role. The bank's revised profit expectations reflect its confidence that profit growth will be more sustainable than in typical economic cycles.

On June 3, U.S. President Donald Trump stated in an interview broadcast on the same day that the maritime blockade against Iran may last until Labor Day, which is September 7 this year. Trump said, "I don’t know. I mean, I think it might (last until Labor Day), but I don’t think that’s very likely. I think we will reach an agreement. I believe this issue will be resolved soon." Trump indicated that negotiations between the U.S. and Iran are "progressing rapidly," adding, "We will not allow them to have nuclear weapons, and many other good things will happen." (Xinhua News Agency)

On June 3, following Trump's latest comments on Iran, an analyst from Investinglive stated that it seems he is trying to maintain the position that Iran must make some fundamental commitments regarding its nuclear arrangements before any agreement is signed. I am not sure if Iran will agree to this. Even if they ultimately accept this condition, I do not believe Iran will consistently adhere to this commitment. Additionally, Trump's remarks regarding U.S. naval blockade measures are also interesting. This further indicates that they will not make concessions. It should be noted that this was supposed to be one of Iran's baseline conditions for reaching an agreement. Trump's full statement was: 'I don't know. I mean, I think it might end before Labor Day, but I don't think that's very likely. I think we will end it. I think this will be resolved soon.' Just a reminder, Labor Day in the U.S. is on September 7. This means there are still three months ahead where this situation may continue.