S&P 500, Nasdaq Rise to Record High

2026-06-01 15:46 By Andre Joaquim 1 min. read

US stocks were mixed on Monday as conflicting signals on the US-Iran conflict contrasted with the strong momentum for the AI sector.

The S&P 500 inched higher and the Nasdaq 100 was 0.5% up to their records, while the Dow hovered below the flatline.

Nvidia gained 4% after it announced its new RTX Spark Superchip to mark its entry in the PC market.

The efficiency pledged my Nvidia's new offering lifted software and hyperscaler stocks for fresh momentum in the sector, with Microsoft gaining 2.5% and Oracle gaining 6%, while complementing hardware surged with Micron and Dell jumping 7%.

Meanwhile, IBM soared 10% after the resurgence of footage showing President Trump saying the stock has a "nice price".

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 were penalized with Visa dropping1%.



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US stocks were mixed on Monday as conflicting signals on the US-Iran conflict contrasted with the strong momentum for the AI sector. The S&P 500 inched higher and the Nasdaq 100 was 0.5% up to their records, while the Dow hovered below the flatline. Nvidia gained 4% after it announced its new RTX Spark Superchip to mark its entry in the PC market. The efficiency pledged my Nvidia's new offering lifted software and hyperscaler stocks for fresh momentum in the sector, with Microsoft gaining 2.5% and Oracle gaining 6%, while complementing hardware surged with Micron and Dell jumping 7%. Meanwhile, IBM soared 10% after the resurgence of footage showing President Trump saying the stock has a "nice price". 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 were penalized with Visa dropping1%.
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