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4505.96
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Real-time News
June 1st - Many on Wall Street are now warning investors holding speculative tech stocks: sell now. Goldman Sachs basket of unprofitable tech stocks rose 27% in May, outperforming the Nasdaq 100 by 17 percentage points, its best performance since November 2020. Year-to-date, the portfolio is up 57%, while the S&P 500 is up 11%. JPMorgans market intelligence division, led by Andrew Taylor, notes that after such a rapid rise, investors should be "cautious about the riskier individual stocks in the tech sector," given that potential yields may remain high. Taylor advocates shifting towards more established companies in the industry, especially given rising bond yields, as this could have the greatest impact on smaller, loss-making companies. He adds that share buybacks by larger, more profitable tech companies "help drive a transformation towards quality businesses."According to the Norwegian statistics agency OFV, Teslas new car registrations in Norway increased by 28.7% year-on-year in May.On June 1st, the Expanded Meeting of the Directors of the Custody, Settlement and Financial Accounting Professional Committee of the Securities Association of China was held in Shanghai. The meeting focused on discussions and exchanges regarding key areas such as data asset valuation, digital transformation of finance, research on industry tax issues, optimization of account management functions, and settlement and operation of open-ended funds. The meeting emphasized that the committee should continue to promote research on self-regulatory rules and standards development in key areas of the industry, strive to solve industry tax and practical problems, further guide securities companies to standardize private equity fund custody business, and promote the industry to better fulfill its financial management functions.June 1st - DeepBlue Autos announced that its global sales in May 2026 reached 33,243 units, a year-on-year increase of 30%. From January to May, cumulative global sales reached 130,531 units, a year-on-year increase of 15%.AMC Theatres (AMC.N) announced that its global movie attendance in May reached a new high since 2019.
