U.S. stocks clinched near-record highs amid a tepid labor market, bolstered by tech sector optimism and in anticipation of key inflation data and Fed policy updates. Companies like Nvidia and Apple are in the spotlight, while Tesla's CEO pay package vote looms.

Nvidia CEO Jensen Huang gained celebrity status this week. Nvidia briefly surpassed Apple in market value, driven by AI and China-U.S. trade dynamics. The Computex conference saw Jensen Huang and AMD CEO Lisa Su star. Upcoming key dates include Apple's developer conference and Tesla's shareholder vote.

Saudi Arabia placed more than half of a massive $11.2 billion Aramco share sale with foreign investors, trying to lure international investment to diversify its oil-dependent economy. Known as Project Bond, the sale garnered over $65 billion in demand globally, adding over 120 new international investors to Aramco. Funds are expected to bolster Crown Prince Mohammed bin Salman's Vision 2030 initiative and might address the rising budget deficit due to weakened oil prices.

Salary levels play a crucial role in one's chances of finding a new job, as revealed by Vanguard Group data. The job market shows different trends for different income groups, with increased demand for low-wage workers and a decline in hiring for higher earners. Health and social assistance sectors, among others, are hiring at a high rate. Meanwhile, professional business services face a slowdown, signaling fewer job openings and employers' cautious financial strategies.

In light of the recent passage of the Retail Worker Safety Act by the New York State Senate, Walmart expresses concerns over the practicality of implementing panic buttons in their stores. Despite growing calls for enhanced safety measures, including from the Retail, Wholesale and Department Store Union, Walmart argues that such devices could lead to numerous false alarms. The Retail Worker Safety Act, if signed into law by Governor Kathy Hochul, would mandate large retailers to install panic buttons and provide violence prevention training for employees.