Apollo (APO) says it is massively underweight software and is directing capital toward critical infrastructure and less exposed businessses, reflecting a more defensive credit stance

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Analyst Core PCE Forecasts: Oxford Economics says "Our preliminary nowcast for May PCE, which we'll update after PPI, points to a similar headline reading but a higher core PCE reading due to a jump in portfolio management fees."

Qatari delegation has arrived in Tehran for mediation, IRIB reports

Apollo (APO) says it is massively underweight software and is directing capital toward critical infrastructure and less exposed businessses, reflecting a more defensive credit stance

Novelis is reportedly restarting its aluminium plant in NY, Oswego, following fires in September and November which led to halts to production lines, WSJ reports

US Speaker Johnson to speak with President Trump about FISA this morning, Punchbowl's Sherman reports

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