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Killik & Co's Weekly Market Update: 5th June

Jun 5, 2026

The market continues to be driven by AI-related stocks, with the S&P 500 hitting new highs, though breadth remains a concern. Upcoming IPOs like SpaceX, OpenAI, and Anthropic are expected to command high valuations. The FTSE 100 reshuffle saw Computer Centre promoted due to AI infrastructure demand, while Berkeley Group and Rightmove were relegated due to the UK property market slowdown.

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