NY @ SA
Tech stocks got hammered on Microsoft's -4.2% crater, but Apple bounced +2.9% and Tesla jumped +1.9%, suggesting investors are rotating out of software and into hardware and EVs rather than hitting the eject button.
Sports
New York Knicks vs. San Antonio Spurs — NBA Finals - Game 1. Tonight.
New York Knicks
FINALS
Pittsburgh Pirates beat Houston Astros 10–6.
Cleveland Guardians beat New York Yankees 9–4.
Milwaukee Brewers beat San Francisco Giants 8–3.
Monaco GP
The Memorial Tournament pres. by Workday
The World Cup is here.
- Format: 48 teams, 104 matches, 12 groups — the first expanded, three-country World Cup.
- South Africa vs Mexico — upcoming
- Czechia vs South Korea — upcoming
- USA opener: USA vs Paraguay, June 12 · SoFi Stadium · 9pm ET · Fox
- Final: July 19 · MetLife Stadium, New York
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Markets
Tech stocks got hammered on Microsoft's -4.2% crater, but Apple bounced +2.9% and Tesla jumped +1.9%, suggesting investors are rotating out of software and into hardware and EVs rather than hitting the eject button.
- Why it matters: Your 401k's tech weighting just shifted if you hold a broad index fund—MSFT's drop hit the Magnificent Seven hard, so check whether your target-date fund is overexposed to single names.
- Watch for: Watch for earnings revisions next week as analysts digest Microsoft's miss and decide if it's a one-off or a sign the AI spending cycle is disappointing; any guidance cut from the cloud providers (Thursday-Friday) matters.
- What to bring up: Microsoft down 4.2% while Apple climbed 2.9% on the same day tells you the market's not just selling tech—it's picking winners and losers within it, which almost never happens during a real sector panic.
Culture
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