US Stocks Ease from Records

2026-06-02 13:34 By Andre Joaquim 1 min. read

US stocks inched down from records as uncertain energy supply from the Middle East pressed the US macroeconomic backdrop.

The S&P 500, Nasdaq 100, and Dow were slightly under the flatline.

Oil prices remained higher on the week as reports indicated strikes between Israel and Lebanon persisted despite US President's Trump signal of a ceasefire, which Iran claimed was necessary to restart peace talks and open the Strait of Hormuz.

JPMorgan and P&G were lower premarket to set the pace for traditional economic sectors.

Nike and IBM were both close to 3% lower.

Meanwhile, software stocks sank to correct from yesterday's surge amid skepticism on AI spending.

Alphabet dropped 2% as it will issue $80 billion in equity to fund AI infrastructure, contrasting with consistent buybacks in recent years.

Also, HPE surged 30% on a AI-fuelled guidance upgrade, and Marvell surged 20% after Nvidia CEO Huang stated it could be the next trillion dollar company.



News Stream
The Dow Jones Index Opens 0.20% Higher
The Dow Jones Index is picking up 104 points or 0.20 percent on Tuesday. Gains are led by Caterpillar (3.54%), Cisco Systems (3.14%) and Goldman Sachs (1.82%). Biggest losers are Salesforce (-4.55%), Microsoft (-2.97%) and Amazon (-2.36%).
2026-06-02
US Stocks Ease from Records
US stocks inched down from records as uncertain energy supply from the Middle East pressed the US macroeconomic backdrop. The S&P 500, Nasdaq 100, and Dow were slightly under the flatline. Oil prices remained higher on the week as reports indicated strikes between Israel and Lebanon persisted despite US President's Trump signal of a ceasefire, which Iran claimed was necessary to restart peace talks and open the Strait of Hormuz. JPMorgan and P&G were lower premarket to set the pace for traditional economic sectors. Nike and IBM were both close to 3% lower. Meanwhile, software stocks sank to correct from yesterday's surge amid skepticism on AI spending. Alphabet dropped 2% as it will issue $80 billion in equity to fund AI infrastructure, contrasting with consistent buybacks in recent years. Also, HPE surged 30% on a AI-fuelled guidance upgrade, and Marvell surged 20% after Nvidia CEO Huang stated it could be the next trillion dollar company.
2026-06-02
US Futures Ease from Records
US equity futures eased from records as uncertain energy supply from the Middle East pressed the US macroeconomic backdrop. Contracts for the S&P 500 and Nasdaq 100 only inched down, but those for the Dow fell by over 200 points. Oil prices remained higher on the week as reports indicated strikes between Israel and Lebanon persisted despite US President's Trump signal of a ceasefire, which Iran claimed was necessary to restart peace talks and open the Strait of Hormuz. JPMorgan and P&G were lower premarket to set the pace for traditional economic sectors. Meanwhile, software stocks sank to correct from yesterday's surge amid skepticism on AI spending. Alphabet dropped 2% as it will issue $80 billion in equity to fund AI infrastructure, contrasting with consistent buybacks in recent years. Also, HPE surged nearly 30% on a AI-fuelled guidance upgrade, and Marvell surged 20% after Nvidia CEO Huang stated it could be the next trillion dollar company.
2026-06-02