Market June 5: Oil Slumps, Gold Soars, SPX Hits New High

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Key headlines:

• U.S. - Iran: Escort mission halted but blockade remains

• UN Security Council resolution on Hormuz

• Iran - China meeting today

• U.S. fuel exports hit record levels

• 30-year mortgage rate rises to 6.45%

• ADP private employment rises for 10 consecutive months

• NANO Nuclear partners with SMCI on data centers

• Anthropic spends $200 billion on Google Cloud and chips

• AMD: Strong Q1, raises growth expectations

• NVO: Growth driven by Wegovy

• CVS: Optimistic full-year guidance

• OSCR: Earnings beat expectations

• UBER: Gross Bookings surge

• Disney: Revenue and profit both beat expectations

• Market: Broke through the all-time high, call wall completely broken