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JPMorgan Chase & Co.

JPMorgan Chase & Co.

$JPM
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196 stories mentioning JPMorgan Chase & Co.Updated 3d ago

JPMorgan added new Sapphire Preferred card benefits and expanded its security and resiliency initiative to Canada.

Wire

Update: Market Chatter: L3Harris Technologies Selects JPMorgan, Morgan Stanley to Lead Axyv IPO

(Updates with L3Harris Technologies' response in the last paragraph.)L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the initial public offering of its missile unit Axyv, Bloomberg reported Tuesday, citing people familiar with the matter.A listing could raise as much as $2 billion and the company could go public as soon as next month, according to the report.More banks could also be added to the lineup, Bloomberg said.L3Harris Technologies declined to comment, while JPMorgan and Morgan Stanley did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $309.19, Change: $+5.02, Percent Change: +1.65%

$JPM$LHX$MS
Wire

Market Chatter: L3Harris Technologies Selects JPMorgan, Morgan Stanley to Lead Axyv IPO

L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the initial public offering of its missile unit Axyv, Bloomberg reported Tuesday, citing people familiar with the matter.A listing could raise as much as $2 billion and the company could go public as soon as next month, according to the report.More banks could also be added to the lineup, Bloomberg said.L3Harris Technologies, JPMorgan and Morgan Stanley did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $309.72, Change: $+5.55, Percent Change: +1.82%

$JPM$LHX$MS
Wire

Street Color: L3Harris Technologies Taps JPMorgan, Morgan Stanley for Missile Unit IPO, Bloomberg Reports

Street Color: L3Harris Technologies Taps JPMorgan, Morgan Stanley for Missile Unit IPO, Bloomberg Reports

$JPM$LHX$MS
Sectors

Sector Update: Financial Stocks Advance Premarket Tuesday

Financial stocks were advancing premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.4% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% lower.Robinhood Markets (HOOD) said it reduced its workforce by about 10% as part of efforts to maintain a high-performance culture, accelerate product development. Shares of Robinhood Markets were up more than 2% pre-bell.JPMorgan Chase (JPM) aims to have its retail digital bank operating in at least five European countries within the next five years, the Financial Times reported, citing people familiar with the matter. JPMorgan Chase shares were up 0.8% premarket.Blackrock (BLK) is cutting about 200 jobs in its latest round of workforce reductions, Bloomberg reported, citing people familiar with the matter. Blackrock stock was 0.2% higher premarket.

$BLK$FAS$FAZ$HOOD$JPM$XLF
Wire

JPMorgan Chase Adds New Sapphire Benefits; Expands Security and Resiliency Initiative to Canada

JPMorgan Chase (JPM) said Monday that it has added new features to its Sapphire Preferred card.The new features include receiving 3 times points on gas and electrical vehicle charging, three times points on vacation homes offered by Airbnb and Vrbo, among others. Cardmembers will also receive a $100 Chase Travel Hotel Credit each year, up from $50, as well as a credit of up to $120 toward Global Entry, TSA PreCheck, or NEXUS every four years.The lender said the new benefits will be available for card holders effective Monday.JPMorgan also said Monday that it has expanded its $1.5 trillion, 10-year Security and Resiliency Initiative to Canada.The initiative is intended to facilitate, finance, and invest in five key areas: supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; frontier and strategic technologies; and pharma and healthcare technology, the company said.Shares of JPMorgan Chase were up close to 1%.Price: $322.10, Change: $+1.40, Percent Change: +0.43%

$JPM
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid US-Iran Ceasefire

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1.3%, and the actively traded Invesco QQQ Trust (QQQ) advanced 2.1% in Monday's premarket activity, as the US and Iran said they have agreed to a ceasefire.US stock futures were also higher, with S&P 500 Index futures up 1.3%, Dow Jones Industrial Average futures advancing 0.9%, and Nasdaq futures gaining 2.1% before the start of regular trading.The New York Federal Reserve's Empire State manufacturing index fell to 5.7 in June from 19.6 in May, compared with a smaller expected decrease to a reading of 13.5 in a survey compiled by Bloomberg.The industrial production report for May will be released at 9:15 am ET, followed by the housing market index for June at 10 am ET.In premarket action, bitcoin was up by 3.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 4.2% higher, Ether ETF (EETH) advanced 5.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.4%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.2%, while the Vanguard Industrials Index Fund (VIS) rose 1.7% and the iShares US Industrials ETF (IYJ) was 0.1% higher.SpaceX (SPCX) rose more than 6% before market open after the Elon Musk-led company finished its trading debut on Friday with a 19% rise.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained by 2.8%, and the iShares US Technology ETF (IYW) was 2.9% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 3.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 4%, while the iShares Semiconductor ETF (SOXX) increased by 4.2%.Tower Semiconductor (TSEM) shares were up more than 6% in premarket activity after the company entered into a multi-year agreement with IQE for the supply of indium phosphide epiwafers used in optical connectivity offerings for data center infrastructure.EnergyThe iShares US Energy ETF (IYE) was down 2% while the State Street Energy Select Sector SPDR ETF (XLE) was down by 2.8%.Equinor ASA (EQNR) stock was down more than 5% before the opening bell after the company said it is advancing a fourth phase of development at the Johan Sverdrup field in the North Sea after new appraisal wells confirmed additional recoverable oil volumes in the area.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 1.1% higher.Zymeworks (ZYME) was up more than 2% premarket a day after the biotechnology company said its drug to treat certain reproductive tract cancers has shown promise in early testing.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2% lower.Deutsche Bank (DB) shares were up more than 3% pre-bell as media outlets reported that JPMorgan Chase (JPM) and Deutsche Bank will participate in Singapore's planned gold-clearing system. JPMorgan stock was 0.8% higher.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained by 1.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) increased by 1.1%.Tesla (TSLA) shares were up more than 1.6% pre-bell after closing Friday with a 1.8% rise. News agency Reuters claimed Monday that the electric vehicle maker relied on misleading data when it made representations to European regulators about enhanced safety from its self-driving vehicles.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 5.4% to $80.29 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.4% at $3.08 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 4.6%, while the United States Natural Gas Fund (UNG) was 1.4% lower.Gold futures for July advanced by 2.6% to $4,347.00 an ounce on the Comex. Silver futures rose by 4.1% to $70.75 an ounce. SPDR Gold Shares (GLD) was up by 3.1%, and the iShares Silver Trust (SLV) rose by 4.8%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$DB$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JPM$PMR$QQQ$RTH$SLV$SOXX$SPCX$SPY$TSEM$TSLA$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD$ZYME
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index fell 2.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.2%.Bitcoin (BTC-USD) was fractionally lower at $61,685, and the yield for 10-year US Treasuries rose 1.4 basis points to 4.542%.In economic news, the US seasonally adjusted consumer price index, a measure of inflation, rose by 0.5% in May, as expected, following a 0.6% increase in April, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, rose by 0.2%, below the consensus estimate for a 0.3% increase. Core CPI rose by 0.4% in April. The year-over-year rates for overall and core CPI increased to 4.2% and 2.9%, respectively, from 3.8% and 2.8% in the previous month.In corporate news, JPMorgan Chase (JPM) and Bank of America (BAC) are among the major US banks that have received subpoenas from the Justice Department seeking information over whether they "debanked" clients for political reasons, The Wall Street Journal reported. JPMorgan shares were down 0.4%, and Bank of America rose 0.7%.Visa (V) said Wednesday its payment services will be integrated into OpenAI's platform to allow retailers to accept purchases from AI agents. Visa shares were shedding 0.4%.Nasdaq (NDAQ) Verafin is launching a new set of agentic workers, beginning with the Agentic AML Analyst and the Agentic Fraud Analyst, the firm said. The shares were down 0.8%.Brookfield Asset Management (BAM) is expanding its offerings for wealthy investors in Japan, targeting infrastructure, real estate, and private credit as hedges against inflation, Nikkei reported. Brookfield shares were falling 3.2%.

$BAC$BAM$JPM$NDAQ$V
Sectors

Sector Update: Financial

Financial stocks were softer in late Wednesday afternoon trading, with the NYSE Financial Index down 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was falling 2.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.2%.Bitcoin (BTC-USD) was increasing 0.1% to $61,739, and the yield for 10-year US Treasuries rose 1.2 basis points to 4.54%In corporate news, JPMorgan Chase (JPM) and Bank of America (BAC) are among the major US banks that have received subpoenas from the Justice Department seeking information over whether they "debanked" clients for political reasons, The Wall Street Journal reported. JPMorgan shares were down 0.4%, and Bank of America rose 0.7%.

$BAC$JPM
Wire

Market Chatter: JPMorgan, Bank of America Among Big Banks Subpoenaed by DOJ Over 'Debanking' Claims

JPMorgan Chase (JPM) and Bank of America (BAC) were among a group of America's largest banks to receive subpoenas from the Justice Department seeking information over whether they "debanked" clients for political reasons, The Wall Street Journal reported Wednesday, citing people familiar with the matter.The subpoenas are related to an effort by President Donald Trump to find out whether banks allegedly discriminated against conservatives, the report said.The banks didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $312.23, Change: $-0.47, Percent Change: -0.15%

$BAC$JPM
Wire

JPMorgan, Bank of America Among Big Banks Subpoenaed by DOJ Over 'Debanking' Claims, The WSJ Reports

JPMorgan, Bank of America Among Big Banks Subpoenaed by DOJ Over 'Debanking' Claims, The WSJ Reports

$BAC$JPM
Wire

Market Chatter: JPMorgan-Led Banks Plan to Offload $5.3B in Qualtrics Hung Debt Later This Year

JPMorgan Chase & Co (JPM)-led group of banks are planning to sell approximately $5.3 billion in financing for software firm Qualtrics International later this year after the debt became stuck on their balance sheets, Bloomberg reported Tuesday, citing people with knowledge of the matter.The lenders funded the deal last month using their own balance sheets after opting against formal syndication following pushback from investors wary of the software sector, according to the report.The banks now plan to wait until after Qualtrics' third-quarter results, around late September, before attempting to sell the debt to institutional investors, and are likely to restructure it to include junk bonds, the report said.Qualtrics' existing $1.5 billion 2030 loan has fallen to roughly 83.75 cents on the dollar in secondary trading, down from near par in February, the report added.Qualtrics represents the largest hung debt deal to have run into trouble this year, Bloomberg noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $312.50, Change: $+1.39, Percent Change: +0.45%

$JPM
Sectors

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index increasing 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.The Philadelphia Housing Index climbed 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 2.1%.Bitcoin (BTC-USD) was falling 2.3% to $61,906.8, and the yield for 10-year US Treasuries was decreasing 2.2 basis points to 4.53%.In economic news, the US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday. The goods and services deficit narrowed $700 million to $55.9 billion in April from March on a seasonally adjusted basis, the US Census Bureau and the Bureau of Economic Analysis said. The consensus was for a deficit of $56.1 billion in a Bloomberg survey.The pace of US existing home sales rose by 3.2% to a 4.17 million seasonally adjusted annual rate in May from 4.04 million in April, compared with a smaller expected increase to a 4.07 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.Redbook US same-store sales rose by 9.1% from a year earlier in the week ended June 6 after a 9.0% year-over-year increase in the previous week, with seasonal buying accounting for a smaller share of activity than in recent weeks.In corporate news, Payoneer Global (PAYO) shares surged 25% after Reuters reported the company is in advanced talks to be acquired by Canadian payments firm Nuvei for about $2.7 billion, including Payoneer's cash, which implies an enterprise value of about $2.3 billion.JPMorgan Chase (JPM) plans to launch AI agents later this year that are capable of working autonomously for far longer than current versions, CNBC reported, citing an interview with Chief Analytics Officer Derek Waldron. JPMorgan shares rose 0.3%.Truist Financial (TFC) is preparing to expand its presence in the $1.8 trillion commercial mortgage-backed securities servicing market, with its Grandbridge Real Estate Capital unit planning to bid for master-servicer roles in upcoming transactions, Bloomberg reported. Truist shares added 0.8%.Klarna (KLAR) has introduced US savings accounts with FDIC insurance, no minimum balance or fees, and interest rates above 3% annual percentage yield. Klarna shares were 0.2% lower.

$JPM$KLAR$PAYO$TFC
Sectors

Sector Update: Financial Stocks Advance Tuesday Afternoon

Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index increasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.6%.The Philadelphia Housing Index was rising 2.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1.9%.Bitcoin (BTC-USD) was falling 2.7% to $61,381, and the yield for 10-year US Treasuries was decreasing 1 basis point to 4.542%.In economic news, the US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday. The goods and services deficit narrowed $700 million to $55.9 billion in April from March on a seasonally adjusted basis, the US Census Bureau and the Bureau of Economic Analysis said. The consensus was for a deficit of $56.1 billion in a Bloomberg survey.The pace of US existing home sales rose by 3.2% to a 4.17 million seasonally adjusted annual rate in May from 4.04 million in April, compared with a smaller expected increase to a 4.07 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors showed.Redbook US same-store sales rose by 9.1% from a year earlier in the week ended June 6 after a 9.0% year-over-year increase in the previous week, with seasonal buying accounting for a smaller share of activity than in recent weeks.In corporate news, Payoneer Global (PAYO) shares surged 27% after Reuters reported the company is in advanced talks to be acquired by Canadian payments firm Nuvei for about $2.7 billion, including Payoneers cash, which implies an enterprise value of about $2.3 billion.JPMorgan Chase (JPM) plans to launch AI agents later this year that are capable of working autonomously for far longer than current versions, CNBC reported, citing an interview with Chief Analytics Officer Derek Waldron. JPMorgan shares rose 0.3%.Truist Financial (TFC) is preparing to expand its presence in the $1.8 trillion commercial mortgage-backed securities servicing market, with its Grandbridge Real Estate Capital unit planning to bid for master-servicer roles in upcoming transactions, Bloomberg reported. Truist shares added 1.2%.

$JPM$PAYO$TFC
Wire

Top Midday Stories: GSK to Acquire Nuvalent for $10.6 Billion in Cash; Apple Introduces Siri AI, But EU Launch to be Delayed

The Dow Jones Industrial Average was up, while the S&P 500 and Nasdaq Composite were down in late-morning trading Tuesday, as a recent surge in chip stocks lost momentum.In company news, GSK (GSK) said it signed a definitive agreement Tuesday to acquire Nuvalent (NUVL) for $10.6 billion in cash. The transaction includes a tender offer of $124 per share for all outstanding common stock, as GSK looks to expand its pipeline of lung cancer therapies, the company said. GSK shares were up 0.7% around midday, while those of Nuvalent were up 38.9%.Apple (AAPL) on Monday unveiled major software updates at its Worldwide Developers Conference, including Siri AI and the next generation of Apple Intelligence. Siri AI is deeply integrated across iPhone, iPad, Mac, Apple Watch and Vision Pro, the company said. The tech giant also introduced new parental controls and redesigned Screen Time, allowing parents to set age-appropriate protections, daily app time limits and communication safety features. Apple users in the European Union will not have Siri AI access on iOS 27 and iPadOS 27 when it launches due to requirements under the Digital Markets Act, the company said. Apple remains unable to reach an agreement with EU regulators on a framework that would let Siri AI launch on iPhone and iPad while adhering to privacy and security standards, it said. Apple shares were down 3.3%.Broadcom (AVGO) said Tuesday it is launching the AI XPV Platform alongside Apollo Global Management (APO) and Blackstone's (BX) Credit & Insurance Business to facilitate over 20 gigawatts in compute capacity for leading AI labs, including Anthropic and OpenAI, through 2028. The platform, which will use Broadcom's XPUs and networking solutions, launches Tuesday with an initial $35 billion tranche led by Apollo in partnership with Blackstone. Broadcom shares were down 4.0%, while Apollo and Blackstone shares were up 1.7% and 2.8%, respectively.CoreWeave (CRWV) will hold calls Tuesday with high-yield investors in Europe about potential dollar and euro bond sales, Bloomberg reported, citing a person familiar with the matter. The AI infrastructure provider has appointed JPMorgan Chase (JPM) to arrange the calls, the report said, citing the person. CoreWeave shares were down 4.7%.JPMorgan Chase plans to launch AI agents later this year that are capable of working autonomously for far longer than current versions, CNBC reported Tuesday, citing an interview with Chief Analytics Officer Derek Waldron. JPMorgan shares were down 0.6%.Price: $51.01, Change: $+0.37, Percent Change: +0.73%

$AAPL$APO$AVGO$BX$CRWV$GSK$JPM
Wire

JPMorgan Chase Plans to Launch More Powerful AI Agents This Year, CNBC Reports

JPMorgan Chase Plans to Launch More Powerful AI Agents This Year, CNBC Reports

$JPM
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each declining 0.5%.The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.5%.Bitcoin (BTC-USD) was adding 0.2% to $63,421, and the yield for 10-year US Treasuries rose 1.6 basis points to 4.552%.In economic news, consumer expectations for one-year US inflation growth decreased to a 3.5% gain in May from a 3.6% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation expectations remained unchanged at 3.1% gain for the three-year period and at a 3.0% gain for five years ahead.In corporate news, Allstate (ALL) shares fell 2.4% after Keefe Bruyette & Woods downgraded the stock to market perform from outperform and lowered the price target to $242 from $266.Blue Owl Capital (OWL), Ares Management (ARES), and Golub Capital are among firms targeting a $500 billion opportunity in Mexican pension funds, Bloomberg reported. Reforms have boosted contributions to workers' accounts, while new rules allow the Mexican funds to allocate more to international private-markets managers, the report said. Blue Owl shares were down 4.1%, and Ares rose 0.6%.Goldman Sachs (GS) and JPMorgan Chase (JPM) are exploring trading futures contracts tied to rental prices for graphics processing units, a move that could help lenders manage risks associated with financing AI infrastructure, The Information reported. Goldman shares added 0.6%, and JPMorgan was down 0.3%.Blackstone Digital Infrastructure Trust (BXDC) offers exposure to stabilized data center assets with limited development risk, while projected industry-leading AFFO/share growth and potential cap rate compression provide investment upside, with Blackstone (BX) backing adding to the credibility, BofA Securities said in a note. Blackstone Digital Infrastructure Trust shares rose 1.4%.

$ALL$ARES$BXDC$GS$JPM$OWL
Wire

Update: Market Chatter: Goldman, JPMorgan Mull Futures to Tame AI Lending Risks

(Update with Goldman Sachs' response to a request for comment in the final paragraph.)Goldman Sachs (GS) and JPMorgan Chase (JPM) are exploring trading futures contracts tied to rental prices for graphics processing units, a move that could help lenders manage risks associated with financing AI infrastructure, The Information reported Monday, citing people familiar with the matter.The banking giants may not move forward immediately, and the contracts could face regulatory questions, the report said.Goldman declined to comment, while JPMorgan didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1049.54, Change: $+10.86, Percent Change: +1.05%

$GS$JPM
Sectors

Sector Update: Financial Stocks Softer Monday Afternoon

Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each declining about 0.4%.The Philadelphia Housing Index was declining 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.4%.Bitcoin (BTC-USD) was adding 2% to $63,421, and the yield for 10-year US Treasuries was rising 2 basis points to 4.556%.In economic news, consumer expectations for one-year US inflation growth decreased to a 3.5% gain in May from a 3.6% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Monday. The median inflation expectations remained unchanged at 3.1% gain for the three-year period and at a 3.0% gain for five years ahead.In corporate news, Goldman Sachs (GS) and JPMorgan Chase (JPM) are exploring trading futures contracts tied to rental prices for graphics processing units, a move that could help lenders manage risks associated with financing AI infrastructure, The Information reported. Goldman shares rose 1.2%, and JPMorgan was down 0.2%.Blackstone Digital Infrastructure Trust (BXDC) offers exposure to stabilized data center assets with limited development risk, while projected industry-leading AFFO/share growth and potential cap rate compression provide investment upside, with Blackstone (BX) backing adding to the credibility, BofA Securities said in a note. Blackstone Digital Infrastructure Trust shares rose 2%.Carlyle (CG) will acquire Chung Ho Group for $700 million, Bloomberg reported Sunday. Carlyle shares added 0.8%.

$BXDC$CG$GS$JPM
Sectors

Sector Update: Financial

Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index shedding 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.5%.The Philadelphia Housing Index was declining 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was falling 1.4%.Bitcoin (BTC-USD) was adding 0.1% to $63,350, and the yield for 10-year US Treasuries was rising 2 basis points to 4.556%.In corporate news, Goldman Sachs (GS) and JPMorgan Chase (JPM) are exploring trading futures contracts tied to rental prices for graphics processing units, a move that could help lenders manage risks associated with financing AI infrastructure, The Information reported. Goldman shares rose 1.2%, and JPMorgan was down 0.2%.

$GS$JPM
Wire

Market Chatter: Goldman, JPMorgan Mull Futures to Tame AI Lending Risks

Goldman Sachs (GS) and JPMorgan Chase (JPM) are exploring trading futures contracts tied to rental prices for graphics processing units, a move that could help lenders manage risks associated with financing AI infrastructure, The Information reported Monday, citing people familiar with the matter.The banking giants may not move forward immediately, and the contracts could face regulatory questions, the report said.The banks didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1053.69, Change: $+15.01, Percent Change: +1.45%

$GS$JPM

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