Finance

The S&P 500 technology sector now represents more than 39% of the index's total market capitalization, a record high that exceeds levels seen during the 2000 internet bubble. While the artificial intelligence theme continues to drive significant earnings growth, analysts warn that the broader market is increasingly vulnerable to potential downturns among a few key leaders.

U.S. Treasury yields eased as investors anticipated the release of the May payrolls report, with the 10-year yield falling to approximately 4.47%. Market participants are closely monitoring whether job creation has slowed sufficiently to support a more dovish stance from the Federal Reserve at its upcoming June meeting.

In contrast to the record highs in traditional equity indexes, Bitcoin fell below the $65,000 threshold in early June, at one point touching $61,000. This downturn is attributed to heavy selling by long-term holders, substantial outflows from spot ETFs, and persistent regulatory uncertainty in the United States.