Wall Street’s major market averages dropped lower on Friday as traders assessed May's labor report, while tech continued to be under pressure. The blue chip Dow (DJI) was -0.4%, the benchmark S&P 500 (SP500) was -1.

In recent years, BlackRock, the world’s largest asset manager, has led the tokenization push on Wall Street, establishing a beachhead with its wildly-successful $50 billion spot bitcoin exchange-traded fund (ETF) and chief executive Larry Fink declaring tokenization a coming “revolution” for the finance industry.

No peacocking and no polyester are among the codes junior bankers typically learn by breaking them.

The stock market has rallied to record highs on stronger-than-expected Q1 results, but Wall Street might be overlooking a growing earnings bubble.

At $494.48, Synopsys (NASDAQ:SNPS) looks constructive at current levels, with the chip design software leader trading well below its $651.73 52-week high as Wall Street fixates on accounting noise from the $35 billion Ansys acquisition rather than the agentic AI catalyst building underneath.

The European Union’s executive arm has unveiled what it hopes will be its final workaround to shield its lenders from being temporarily hit by harsher trading-book rules than those faced by Wall Street rivals.