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News of the day for June 2, 2026
Wall Street's main stocks are expected to open generally lower on Tuesday, despite oil prices and bond market pressure easing after President Trump said Hezbollah and Israel had agreed to "stop shooting" at each other. Dow Jones futures were down 214 points or 0.4%, while S&P 500 and...
FEATURE The rebound in software stocks looked set to fizzle out as Wall Street pivoted back toward the chip and server makers that have helped power the market to all-time highs in recent months. Oracle fell 5%, ServiceNow dropped 5.
Wall Street futures pointed modestly lower pre-bell Tuesday as traders weighed values in stock marke
Global markets have been buoyed by hopes for a U.S.-Iran peace agreement, with major indices like the Nasdaq Composite and S&P 500 reaching record highs, driven in part by optimism around AI-linked stocks. Amid these developments, investors are increasingly looking beyond established giants to explore opportunities in smaller or newer companies. Penny stocks, despite their somewhat antiquated name, remain a relevant investment area offering potential for significant returns when backed by...
June 2 (Reuters) - The S&P 500 and the Nasdaq 100 futures edged lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment
As global markets experience a surge in optimism driven by potential U.S.-Iran peace agreements and the continued momentum of AI-linked stocks, major indices like the Nasdaq Composite and S&P 500 have reached record highs. In this buoyant market environment, identifying growth companies with high insider ownership can be particularly appealing, as such ownership often signals confidence from those who know the company best.
In recent weeks, global markets have been buoyed by optimism surrounding a potential U.S.-Iran peace agreement, which has helped drive key indices like the Nasdaq Composite and Russell 2000 to impressive gains. Amid this backdrop of geopolitical developments and advances in AI-linked stocks, investors are increasingly on the lookout for small-cap companies that exhibit strong fundamentals and resilience in navigating economic uncertainties.
The 30-year Treasury yield topped 5% for 11 consecutive trading days in May; the stock market dropped sharply the last time that happened.
Stocks looked set to slip on Tuesday after Google parent Alphabet said it would issue $80 billion in equity, giving investors another reason to fret about Big Tech companies’ artificial-intelligence spending plans. The search engine and cloud computing company said it would issue $80 billion of equity, including $10 billion of stock to Berkshire Hathaway at a discount as it funds its AI infrastructure buildout, reviving some worries about so-called hyperscalers’ planned spending sprees. The move “is a clear sign that the AI arms race is moving into a more capital-hungry phase,” said Hargreaves Lansdown analyst Matt Britzman, although he noted that the $80 billion figure was less than 2% of Alphabet's $4.6 trillion market capitalization.
The new head of the Fed has a virtually impossible task of appeasing the president and Wall Street concerning interest rates.
Monday on Wall Street, U.S. stocks ticked to more records. The S&P 500 added 0.3% to close at 7,599.96 and the Dow Jones Industrial Average rose 0.1% to 51,078.88. The Nasdaq composite climbed 0.4% to 27,086.81.
U.S. President Donald Trump said on Monday in a post on Truth Social that “Talks are continuing, at a rapid pace, with the Islamic Republic of Iran,” although media reports indicate that Iran has hit the brakes on negotiations.
AMD stock is on fire. Its huge May gain follows a 74% surge in April.
The Dow Jones Industrial Average added 0.1% while the S&P 500 was up 0.3% and the Nasdaq Composite gained 0.4%. The tail end of a robust first-quarter earnings season, ongoing artificial intelligence strength, and inflation figures roughly in line with expectations were enough to push equities higher today—familiar trends that have helped push the Nasdaq to its best two-month stretch in decades.
US stock futures slipped as investors weighed uncertainty over Iran talks alongside the latest developments in AI.
<body><p>STORY: U.S. stocks posted modest gains on Monday, with the Dow nudging up slightly, the S&P 500 adding about a quarter of a percent and the Nasdaq gaining just over four-tenths of a percent.</p><p>Tech shares rose 2.5%, boosting the Nasdaq and the S&P 500 to the latest in a series of record closing highs.</p><p>:: Archive</p><p>Among the stocks lifting the sector was Hewlett Packard Enterprise, which rose 9% ahead of the release of its quarterly earnings. After the close, shares jumped another 35% when HPE posted record second-quarter results, prompting the company to accelerate its long-term financial goals by two years as expansion of AI data centers boosts demand for its servers and networking products.</p><p>Brad Long, chief investment officer at Wealthspire, said it's that kind of blockbuster earnings report that continues to power the market higher.</p><p>"If we look at S&P right now, on track for about 20% earnings growth - that's an incredible rate mid-cycle here. And so the markets have really been somewhat melting up, and they've been doing that on fundamentals. Now that's helped them look through the volatility in the Middle East. It's helped them look through an economy that's growing and robust, but maybe not exactly where you would want it to see this level of markets and making new highs. But it's really a story about the fundamentals."</p><p>:: Archive</p><p>Among other movers, shares of Nvidia rose more than 6% after the company unveiled a new chip that puts AI capabilities directly into personal computers. Nvidia CEO Jensen Huang said the chip is the result of a three-year partnership with Microsoft to, quote, "reinvent the PC" for the AI era. Shares of Microsoft added more than 2%.</p><p>Other semiconductor stocks were mixed. Qualcomm tumbled nearly 9% and Intel fell more than 4.5%. But Micron rose about 6.5% and breached the $1,000 mark for the first time.</p><p>:: ServiceNow</p><p>And software stocks rebounded from a heavy sell-off earlier this year on AI disruption fears. ServiceNow climbed more than 9%, while IBM gained about 7.5%.</p></body>
UiPath’s stronger quarter gives investors a clearer test of whether demand for AI-powered automation is turning into more durable growth and profitability.
Is Microsoft stock's comeback just getting started?
The June 2nd earnings call will give investors more detail on HIVE’s mining profitability, power capacity, and whether its AI/HPC plans are moving from land and power access toward funded capacity and customer commitments.
In the latest trading session, FedEx (FDX) closed at $338.49, marking a -17.79% move from the previous day.
American Airlines (AAL) concluded the recent trading session at $14.34, signifying a -2.05% move from its prior day's close.
In the latest trading session, Phillips 66 (PSX) closed at $180.24, marking a +2.48% move from the previous day.
What's causing setbacks for Rocket Lab stock's incredible rally?
The latest trading day saw Kroger (KR) settling at $61.52, representing a -1.01% change from its previous close.