On June 4, WTI crude oil futures fell below $92 per barrel, dropping 4.23% during the day. Brent crude oil futures also declined by 3.88%, settling at $94.011 per barrel. In related news, Trump stated that the U.S. is in final negotiations to end the war in Iran.
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U.S. Oil Falls 4%, Below $92 Mark
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Nasdaq Opens Over 1% Lower, Broadcom Drops Over 14% After Earnings
On June 4, U.S. stock markets opened with mixed results. The Nasdaq fell by 1.02%, the S&P 500 dropped by 0.34%, while the Dow Jones rose by 0.97%. Broadcom saw a significant drop of over 14%, with its third-quarter AI revenue guidance set at $16 billion, a 210% year-on-year increase, which still fell short of market expectations. CrowdStrike also declined by over 9%, as its second-quarter earnings guidance did not 'impress the market,' with analysts noting that recent stock prices have already fully reflected the positive outlook. -
Spot Silver Reaches $75/Ounce, Up 3.16% for the Day
Spot silver has reached $75 per ounce, increasing by 3.16% during the day. -
Blackstone's Flagship Private Credit Fund Limits Investor Redemptions for the First Time
On June 4, Blackstone Group (BX.N) implemented restrictions on redemption requests for its flagship private credit fund after investors sought to redeem 10% of their shares. This marks the fund's first limitation on redemption applications, making it the latest fund to tighten redemption limits amid a wave of investor withdrawals. According to documents submitted on Thursday, the $79 billion Blackstone private credit fund has informed shareholders that it will only fulfill 5% of redemption requests. In the previous quarter, the fund allowed investors to redeem a record 7.9% of shares, aided by executives using their own funds to assist with financing. Jim Zelter, Co-President of Apollo Global Management, stated that following the previous redemption restrictions, investors are intensifying their efforts to reclaim funds, suggesting that there may be more 'turmoil' in the non-traded BDC (business development company) sector. -
U.S. Initial Jobless Claims for Week Ending May 30 at 225,000
The number of initial jobless claims in the U.S. for the week ending May 30 was 225,000, compared to an expectation of 213,000. The previous value was revised from 215,000 to 212,000. -
CleanSpark: Sold a Total of 654 BTC in May, Total Bitcoin Holdings Reach 13,470 BTC
Nasdaq-listed Bitcoin mining company CleanSpark released an unaudited operational update for May 2026, revealing that it mined 671 BTC during the month. However, it sold 404 BTC in spot transactions and an additional 250 BTC through options exercise. As of May 31, the total Bitcoin holdings reached 13,470 BTC. CleanSpark also announced the appointment of a new Senior Vice President of Finance to enhance the financing capabilities of its AI data center projects, aiming to transform into an AI and digital infrastructure platform. -
Generalist AI, Supported by Nvidia, Secures $400 Million Funding at $2 Billion Valuation
AI robotics startup Generalist AI has announced the completion of a new funding round, raising $400 million and achieving a valuation of $2 billion. This round was led by Radical Ventures, with participation from 8VC, Union Square Ventures, Hanabi Capital, and existing investors Nvidia and Bezos Expeditions. Generalist AI is currently focused on applying advanced artificial intelligence technology in the robotics field, developing AI models capable of handling increasingly complex tasks. The funding will be used to accelerate the company's technology development and expand its robotic intelligence capabilities. -
Nasdaq Futures Drop 1.43%
On June 4, Nasdaq 100 index futures extended their decline, reaching an intraday low, currently down 1.43%. -
Spot Gold Surpasses $4,500
On June 4, spot gold reached $4,500 per ounce, an increase of 1.49% for the day. Spot silver rose over 2% during the day, currently priced at $74.17 per ounce. -
U.S. and Brent Crude Oil Prices Drop Over 2%
On June 4, international oil prices experienced a sharp decline, with WTI crude oil futures falling by 2.25% to $93.858 per barrel, and Brent crude oil futures dropping by 2.31% to $95.551 per barrel. In related news, Trump stated that the U.S. is in final negotiations to end the war in Iran. -
S&P 500 Futures Drop 0.6%
On June 4, S&P 500 futures continued their downward trend, reaching an intraday low with a decline of 0.6%.
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