Markets Desk · 9 PM Update

From the Markets Desk in New York: The S&P 500 has rallied nine percent this year, but Bank of America is warning the gains could vanish in a snapback, calling speculation extreme and targeting seven thousand one hundred by year-end, a five percent drop from current levels. Meanwhile, Nvidia supplier Hon Hai posted a forty percent jump in quarterly sales, beating expectations as AI server rack demand accelerates into the peak season, signaling no letup in the chip boom. And on the courts, Naomi Osaka stunned world number one Aryna Sabalenka in straight sets at Wimbledon, marking Sabalenka’s first straight-sets loss at a major since the twenty twenty U.S. Open. That’s the tape. Markets Desk, signing off the floor.