5 Things to Watch on
June 4, 2026

Stocks are down more than -0.3% as investors keep a wary eye on the Middle East. The U.S. House passed a Democratic-led war powers resolution 215-208, calling on President Trump to withdraw forces from hostilities with Iran unless Congress formally declares war. Four Republicans crossed the aisle to support the measure, though it remains largely symbolic without Senate passage and a presidential signature.

Palantir Technologies (PLTR) is little changed in premarket trading after announcing a string of new partnerships at its annual AIPCon event. The headline deal integrates PLTR into Alphabet's (GOOGL) Cloud Marketplace, with two-way data connectivity between BigQuery and Foundry and direct links between Gemini and PLTR's AI Platform. Three additional multi-year, multi-million dollar agreements cover construction firm McCarthy Building Companies, Mexico's largest insurer GNP Seguros, and law firm Kirkland & Ellis.

Broadcom (AVGO) is down over -14% in premarket trading despite a record Q2 with revenue of $22.2B (+48% YoY), EPS of $2.44 beating estimates, and Q3 guidance of $29.4B well above the $28.3B consensus, as AI chip revenue surged +143% YoY to $10.8B. CrowdStrike (CRWD) is also down -10% premarket after a strong fiscal Q1, where a sizable full-year ARR guidance raise outpaced the quarterly beat but still fell short of elevated investor expectations.

Sleep Number Corporation (SNBR) is down -65% in premarket trading to $0.38 as the smart-bed maker prepares for a potential Chapter 11 filing. The company has struggled for years under more than $600M in debt, with its most recent quarter showing a -19% sales decline and a net loss widening to $50M from $9M a year earlier. SNBR secured $55M in emergency liquidity earlier this year and may explore a sale as part of the restructuring process.

Anheuser-Busch InBev (BUD) is turning the World Cup 2026 schedule into a marketing moment with its Stella Artois "Work From Bar" campaign, reimbursing fans over 21 for purchases made at local bars during weekday match hours from 9 a.m. to 5 p.m. BUD is also opening a pop-up Work From Bar HQ at New York's Brookfield Place starting June 28 for the knockout rounds, complete with a bookable conference room.