Broadcom said Wednesday that fiscal second-quarter revenue was $22.19 billion, slightly below expectations, sending the stock lower in extended trading. Adjusted EPS came in at $2.44 versus estimates of $2.40, and the company guided current-quarter revenue to about $29.4 billion.

Honeywell Aerospace CEO Jim Currier said the unit expects faster earnings growth as it prepares to separate from Honeywell International later this month. The company is targeting at least $6.5 billion in annual earnings and at least $4 billion in full-year free cash flow by 2030, after projecting 2026 adjusted EBIT of $4.65 billion to $4.75 billion.

The S&P 500 has climbed nearly 20% over the past nine weeks, and the next major move may hinge on earnings due after the bell from Broadcom and CrowdStrike. Options markets are pricing in an 8% post-earnings swing for Broadcom, while CrowdStrike traders are also positioning for an 8% move despite smaller overall options activity.

In April, 5.8% of U.S. home listings were removed from the market, and delistings rose 3.8% versus March. Atlanta recorded the highest share, with about one in 10 listings pulled, as sellers faced softer demand and less aggressive bidding.

Simultaneous wars in Ukraine and Iran have tightened tungsten availability for U.S. munitions and industrial uses, with effects expected to persist even if shipping routes normalize. China controls up to 80% of global tungsten supply and tightened exports in February 2025, while projects such as Cove Kaz Capital's Kazakhstan mine and Almonty's Sangdong restart in South Korea are positioned as alternative sources amid rising U.S. demand into the 2030s.

BlackRock investment executive Rick Rieder said at the CNBC CEO Council Summit in Washington, D.C., on Tuesday that he remains constructive on stocks, arguing cash is still being put back to work and earnings forecasts support the AI-driven rally. He pointed to "20%-plus" projected earnings growth and said buying at current multiples is "actually not that scary," while warning about crowding, momentum trading and heavy market financing.

US job openings increased to 7.6 million in April, up 731,000 from March and the highest level since May 2024. Hiring moved the other way as employers added 5.12 million workers, down 419,000, while quits fell to just under 3 million, the lowest since August 2020.

Kalshi traders are positioning for slower job growth in May than April, but they still lean toward a result above the 90,000-job Dow Jones consensus. On Monday, the market implied a 56% chance the nonfarm payrolls figure beats Wall Street expectations, with 49% odds for more than 100,000 jobs and 40% for more than 110,000. The Bureau of Labor Statistics report is due Friday ahead of the Fed's June 16-17 meeting under Chair Kevin Warsh.

Barry Diller's People Inc. has made an all-cash proposal to acquire MGM Resorts for $48.30 per share. People, formerly known as IAC, already holds about a 26.1% stake in MGM, and Diller said he would recuse himself from board deliberations on the potential transaction.