The Day Ahead

TOP NEWS

• Ares capped investor withdrawals at a private credit fund after a surge in redemption requests.
• United Airlines is investing in premium travel and cabin upgrades, despite high fuel costs, while planning to trim some flights.
• Broadcom noted supply chain constraints and TSMC capacity limits due to soaring AI chip demand.
• Arm unveiled a new AI data center chip, expecting billions in annual revenue and a strategic shift.
• Dollar General named Jerry Fleeman Jr. as its new CEO, replacing Todd Vasos, to steady the business.

MARKET RECAP AT 4 pm ET

• Wall Street closed lower; oil rallied as Middle East conflict concerns persisted.
• Treasury yields rose after a weak two-year note auction.
• The dollar strengthened, putting pressure on gold prices.