S&P Technical Analysis

Two Midwest grid projects awarded, costing $1.66B. Expect service in 2034. Boosts reliability.

SHOP surges 34% on revenue, but stock drops 19.7%. WIX misses EBITDA, down 26.3%.

30-yr mortgage rates hit 6.75%, up 0.75% since Feb due to oil & inflation fears.

Australian banks boost provisions by $541M amid Middle East war risks & AI complexity.

Japan's flash composite PMI eased to 51.1 in May from 52.2 in April, a five-month low, as services activity stalled for the first time in over a year and selling prices rose at the sharpest pace in nearly 19 years of data, per S&P Global.

LULU's 21.7% margin & 9.7x P/E show strength, while GTM's 1x P/S & NBR's 3.3x EV/EBITDA signal risks.

South Korea's Exchange activated a sidecar halt after KOSPI 200 futures surged 5%,and Kosdaq 6%, pausing program trading for five minutes. Samsung Electronics rallied following a last-minute wage deal that averted an 18-day strike.