US Stocks Ease from Records
2026-06-01 13:37
By
Andre Joaquim
1 min. read
US stocks fell from record highs on Monday as conflicting signals regarding the war in the Middle East lifted energy prices and worsened the macroeconomic scenario for the corporate sector.
The S&P 500 and Nasdaq 100 inched lower while the Dow fell 150 points.
Iran stated that it is halting talks with the US until Israel ceases attacks in Gaza, shortly after new strikes between Iran and GCC members, despite US President Trump stating that dialogue with Tehran was promising.
Traditional economic sectors in the Dow were penalized with JPMorgan and Visa dropping up to 1%.
Still, strong signals from the AI economy continued to support chip and software stocks.
Nvidia advanced over 2% after it announced its new RTX Spark Superchip to mark its entry in the PC market, rivaling AMD and Intel, which plunged around 5% each.
The efficiency pledged my Nvidia's new offering lifted software and hyperscaler stocks for fresh momentum in the sector, with Microsoft and Oracle jumping 4% each.