Supercharged: The Bloomberg Open, Asia Edition

Good morning. The US equity rally deepens on an AI craze. The BOJ may sit tight. And Netflix brings a tourism boom to a tiny Swiss town.

What’s Happening Now

US stocks surged driven by an AI craze, raising concerns about an overbought market and pushing Microsoft toward a record. The S&P 500 topped 4,400 as traders also bet the Fed will end its tightening cycle sooner. The Nasdaq Golden Dragon Index jumped. Asian equity futures are higher.

Bloomberg Daybreak

The US economy is feeling more of the weight from the Fed’s rate hiking barrage. May retail sales beat estimates although consumer demand has ...