Updated Jun 3, 2026 – 3.56am, first published at 3.30amKey Posts12 mins ago — 3.56AMCharted: Shiller PE Ratio nears December 1999 peak38 mins ago — 3.30AMBefore the Bell: ASX to rise38 mins ago — 3.30AMVirgin Galactic shares fall back, sort of, to earth 38 mins ago — 3.30AMSpaceX staffers press for VIP terms38 mins ago — 3.30AMAlphabet raising $111b in equity for AI investments38 mins ago — 3.30AMHPE surges to a recordGo to latestPinned post – 3.30AMBefore the Bell: ASX to riseTimothy MooreAustralian shares are set to open higher, tracking gains on Wall Street. Oil was steady. Bitcoin tumbled below $US68,000.ASX 200 futures were up 17 points or 0.2 per cent to 8768 near 3.10am AEST. In New York, the S&P 500 recovered from an opening swoon to be 0.1 per cent higher near 1.20pm, paced by utilities. The index is poised for a nine-day winning streak, its longest since May 2025Both the Dow Jones and S&P 500 each reset their record highs. The Nasdaq Composite held modestly below its record high.“On March 30, the S&P 500 was down 7 per cent in 2026, one of the worst starts to a year in history,” market strategist Charlie Bilello said. “After one of the biggest nine-week rallies ever (+19 per cent), it’s now up over 11 per cent year-to-date, more than two-times higher than the average year at this point in time (+5 per cent).”Marvell Technology surged after an endorsement from Nvidia’s boss Jensen Huang. Hewett Packard Technologies also leapt. The Philadelphia semiconductor index was 4.4 per cent higher.Market highlightsASX 200 futures are pointing up 17 points or 0.2 per cent to 8768.All US prices near 1.20pm New York time.AUD +0.2% to US71.76¢Bitcoin -5.4% to $US67,626On Wall St: Dow +0.3% S&P +0.1% Nasdaq +0.1%VIX -0.11 to 15.94Gold +0.1% to $US4488.65 an ounceBrent oil +0.7% to $US95.63 a barrelIron ore +0.5% to $US105.10 a tonne10-year yield: US 4.46% Australia 4.88%Today’s agendaFirst-quarter GDP is set to be released at 11.30am AEST.Top storiesLabor MPs asked to fund campaign to salvage budget | The call for contributions comes as the federal government allows just two days for a parliamentary inquiry into its controversial tax changes.Australia records first trade deficit since 2017 | The trade balance fell to $2.4 billion in the red on the back of strong data centre imports and a fall in mining exports.Scott Farquhar says CGT changes ‘doubled the effective tax rate’ | The Atlassian co-founder said it was more important than ever to keep start-ups in the country. But Canva’s Cameron Adams was sceptical founders would leave.The AFR View: The AI paradox keeping CEOs awake at night | Agentic AI costs are fostering a scarcity mindset within companies, alongside the practice of “tokenomics” as businesses seek to budget, monitor and optimise the cost of AI.Chanticleer: ‘Just a taste’: AI’s big cost problem is only going to get worse | Surging artificial intelligence costs are creating sticker shock among Australian executives. But the solution might be healthy for the AI sector in the long term.Fetching latest articles