U.S. stocks closed at all-time highs on Friday, with the S&P 500 rising 0.5% ( SPY), the Nasdaq 100 up 0.34% ( QQQ), and the Dow Jones surging 0.94% ( DIA). Eight out of eleven sectors finished green; consumer discretionary led gains, while energy lagged ( XLY up 1.67%, XLE down 0.53%).

• Headline: S&P 500 closes at record Friday, overcoming trade angst (CNBC)
• Discussion: Trump trade threats & tariff risks remain top-of-mind
• Rebound: America's incredible stock market rebound is complete (CNN)

• Cyngn (CYN): +20% Friday, +300% week on Nvidia robotics event.
• QuantumScape (QS): -13% after technical update news.
• Rocket Lab (RKLB): +17% on new ESA contract.
• BigBear AI (BBAI): +45% as biometric contracts land.
• Nike (NKE): +18% one-day gain after Q4 beat & upgrades.

• UMich Consumer Sentiment index jumped to 60.5 (from 52.2), well above consensus.
• U.S. consumer optimism remains high despite PCE inflation ticking up in May (core PCE 2.7% y/y).
• Deutsche Bank and FOMC expect two rate cuts this year—even as inflation projections rise.
• Bank lending to non-bank financials exceeds $1.25T, underscoring growing financial system risk.
• Canadian loonie and Norwegian krone are strengthening on energy and trade data.

• FOMC projects two cuts in 2025—timing uncertain.
• Trump’s new tariffs loom over U.S. tech.
  • MarketWatch: Trump trade threat looms
• Brent sees 19th-largest weekly climb since 1988, but trades below $75/bbl.

• AI, Robotics & Tech: Cyngn/Nvidia, BigBear AI, Microsoft AI chip delays.
• EV, Space & Quantum: Rocket Lab, QuantumScape battery breakthroughs.
• Retail: Nike, American Outdoor.
• Healthcare: Gilead Supreme Court win.
• Bitcoin/Fintech: Bitcoin Depot +300% YTD, ATM revenue surges.

• Rate & Policy Uncertainty: "Lower for longer" may flip quickly.
• Tariffs: Tech, auto, energy vulnerable.
• Consumer: Confidence high, but margins shrinking.
• Shadow Banking: Non-bank credit surging.

• Cyngn (CYN): Most upvoted.
• Nike (NKE): Big day.
• S&P 500 record highs despite headwinds

• Cyngn (CYN)
• QuantumScape (QS)
• Rocket Lab (RKLB)
• BigBear AI (BBAI)
• Nike (NKE)