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QQQM Falls 4.8% as Growth ETF Faces Selling Pressure, June 06
QQQM drops 4.8% to $290.35 as growth ETFs face selling. VGT and VUG also decline. Meyka rates QQQM a B with $256.27 yearly target.
Natural Gas Futures Fall as LNG Export Demand Weakens, June 06
Natural gas futures fall as LNG export demand declines due to terminal maintenance. US Henry Hub gas at $2.90 per MMBtu amid supply glut concerns.
VIX Spikes 39.7% as Tech Selloff Triggers Wall Street Fear, June 06
VIX surges 39.7% to 21.51 as tech stocks plunge on rate hike fears. Nasdaq falls 4%, S&P 500 drops 2.6% in worst day since October.
BNB USD Falls 5.46% Daily: BNBUSD Tests $560 Support
BNB USD drops 5.46% daily to $575.96. Technical analysis shows oversold RSI at 33.58 and bearish MACD. Price targets and forecast included.
Solana USD Plunges 7.15% Daily: SOLUSD Tests $62 Support
Solana USD drops 7.15% daily to $62.03. Technical analysis shows oversold RSI at 20, strong ADX trend, and key support at $66.79.
Lido Staked ETH USD Drops 3% to $2,068 Support
STETHUSD falls 3.04% to $2,067.97. Technical analysis shows oversold RSI at 34.4 and weak momentum signals.
Australia’s Capital Gains Tax Overhaul: What the 2026 Budget Means, June 06
Australia’s 2026 Budget replaces the 50% CGT discount with inflation indexation and introduces a 30% minimum tax from July 2027.
Bitcoin Crashes 4.1% to $60,968 as Fed Rate Hike Bets Surge
Bitcoin drops 4.1% to $60,968 USD after strong US jobs report fuels Fed rate hike expectations and capital rotation to gold and AI stocks.
Hegseth Calls for 3.5% Defense Spending, China Skips Dialogue, June 06
Hegseth urges Asian allies to increase defense spending to 3.5% of GDP at Shangri-La Dialogue amid China’s absence.