Daily Brew // Morning Brew // Update
AI is the talk of graduation season...

Rise and shine. Don’t forget to take some time this weekend to stop and smell the May flowers. Or, if your allergies are acting up, maybe just enjoy them from afar.

—Sam Klebanov, Dave Lozo, Matty Merritt, Abby Rubenstein, Holly Van Leuven

In today’s newsletter, we’ll look at:

  • New grads getting an earful about AI
  • Where things stand after Trump’s China trip
  • The new watch that people are waiting in line for days to get

MARKETS

Nasdaq

26,225.15

S&P

7,408.50

Dow

49,526.17

10-Year

4.595%

Bitcoin

$79,031.88

Cerebras

$279.72

Data is provided by

*Stock data as of market close, cryptocurrency data as of 6:00pm ET. Here's what these numbers mean.

  • Markets: Like someone too busy chatting to notice the curb, stocks slipped yesterday. Tech stocks took a dive, and amid a global bond sell-off, 30-year Treasury yields spiked to their highest in nearly a year. Even Cerebras, which jumped 68% during its trading debut on Thursday, retreated 10%.