# ASX 200 futures were up 31 points or 0.4 per cent to 8722 near 3.45am AEST.

*business · news · 2026-06-04 · Australian Financial Review*

## Key points

- Broadcom shares fell 11% despite strong results, due to its less optimistic forward outlook.
- A Fair Work Commission study found about half of unfair dismissal claims are written using AI.
- Commonwealth Bank is offering cash incentives to staff as part of a new hiring drive.
- Australian 10-year bond yields reached 4.91%, exceeding US 10-year yields at 4.47%.

Australian shares are set to close the week on a positive note. In New York, the Dow leapt more than 1.5 per cent to reset its record high, propelled higher by UnitedHealth, Goldman Sachs and Merck. ASX 200 futures were up 31 points or 0.4 per cent to 8722 near 3.45am AEST. The S & P 500 rose 0.5 per cent, paced by health care, financials and communication services. Broadcom plunged at the open despite reporting stellar quarterly results the previous evening as it failed to meet expectations for an even more optimistic outlook. The shares pared their losses to 11 per cent near 2pm. Market highlights ASX 200 futures are pointing up 31 points or 0.4 per cent to 8722. All US prices near 2pm New York time. AUD +0.2% to US71.40¢ Bitcoin -3.9% to $US63,348 On Wall St: Dow +1.6% S & P +0.5% Nasdaq +0.2% VIX +/-. to . Gold +1% to $US4478.35 an ounce Brent oil -3.2% to $US94.70 a barrel Iron ore -2% to $US101.60 a tonne 10-year yield: US 4.47% Australia 4.91% Today’s agenda Fireside chat with Andrew Hauser, RBA deputy governor, at Australia’s Economic Outlook hosted by Sky News and The Australian in Sydney at 2.30pm. At 10.30pm, the US will release its May jobs report. Top stories Commonwealth Bank offers staff cash incentive for hiring drive| The nation’s biggest lender has been looking to grow its private banking division after rolling out a new wealth platform last year. Canberra Observed: Threat or no threat, now is not the time for ‘the economics of love’ | The Albanese government must resist the temptation to roll out more largesse to stave off the One Nation threat. ‘Nonsense’: Scott Farquhar AI claims mauled by music industry | The Tech Council chair’s argument that copyright law was unworkable for AI training has been rubbished, including by the songwriters’ body that counts his wife as a member. Half of unfair dismissal claims are written using AI, Senate told | A Fair Work Commission study found a huge proportion of applicants are using the technology, as employers warn more must be done to stop the tsunami of claims.

**Companies:** UnitedHealth, Goldman Sachs, Merck, Commonwealth Bank
**Countries:** Australia, United States

[Read the full story on Australian Financial Review](https://www.afr.com/markets/equity-markets/asx-to-rise-dow-surges-to-record-high-as-tech-runs-out-of-steam-20260605-p60451)

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