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Photoforlife
Photoforlife
📌 Global Market Overview | June 2 Markets stayed cautiously risk-on despite ongoing U.S.–Iran uncertainty. 📈 $SPX and $NDX hit fresh record highs, led by AI-related stocks. $MRVL surged over 30%, while $HPE rallied on stronger AI revenue expectations. ₿ $BTC dropped below $70K for the first time since April as ETF outflows and weak crypto sentiment pressured the market. 🛢 $USOIL climbed above $93 as Middle East tensions continued to fuel energy concerns. 📊 Key Signals 🔹 U.S. JOLTS job openings rose to 7.62M, showing a resilient labor market. 🔹 Eurozone inflation accelerated to 3.2%, keeping pressure on central banks. 🔹 Fed officials warned inflation remains a risk, reducing expectations for near-term rate cuts. 📈 Market Snapshot $NDX +0.75% $SPX +0.25% $DJI +0.66% 🛢 $USOIL +1.09% 💵 $DXY +0.04% 🟡 $XAU +0.08% ₿ $BTC -5.22% 📌 Bottom Line: AI continues to drive stocks higher, but rising oil prices, sticky inflation, and geopolitical uncertainty are keeping markets on alert.

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