Dow Rises to New Record

2026-06-04 17:07 By Andre Joaquim 1 min. read

US stocks swung to trade mostly higher on Thursday as a pullback in oil prices softened inflationary risks, offsetting a pivot out of semiconductor companies after Broadcom released results.

The S&P 500 rose 0.4% and the Dow gained over 900 points to a new record high.

Despite repeated clashes, Israel and Lebanon signed a ceasefire that could pave the way for a US-Iran peace deal, lowering oil prices and bond yields.

Banks and asset managers rebounded, with JPMorgan, Wells Fargo, and Morgan Stanley adding 4%, while Blackstone soared 8% despite capping private credit redemptions.

In turn, the Nasdaq 100 fell 0.5% amid fresh selling for semiconductors, which have supported equity indices this year.

Broadcom sank 15% despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations.

Micron and AMD followed with losses of over 4%.

Also, Crowdstrike also slipped 6% after posting its earnings.



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Dow Rises to New Record
US stocks swung to trade mostly higher on Thursday as a pullback in oil prices softened inflationary risks, offsetting a pivot out of semiconductor companies after Broadcom released results. The S&P 500 rose 0.4% and the Dow gained over 900 points to a new record high. Despite repeated clashes, Israel and Lebanon signed a ceasefire that could pave the way for a US-Iran peace deal, lowering oil prices and bond yields. Banks and asset managers rebounded, with JPMorgan, Wells Fargo, and Morgan Stanley adding 4%, while Blackstone soared 8% despite capping private credit redemptions. In turn, the Nasdaq 100 fell 0.5% amid fresh selling for semiconductors, which have supported equity indices this year. Broadcom sank 15% despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations. Micron and AMD followed with losses of over 4%. Also, Crowdstrike also slipped 6% after posting its earnings.
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The Dow Jones Index Opens 1.08% Higher
The Dow Jones Index is up by 549 points or 1.08 percent on Thursday. Top gainers are UnitedHealth (4.86%), Merck (3.61%) and American Express (2.75%).
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US Stocks Trade Mixed on Thursday
US equity indices were mixed on Thursday as fresh pressure on the AI economy offset support from some respite in Treasuries. The S&P 500 dropped 0.5% and the Nasdaq 100 fell 1%. Broadcom sank 15% despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations. The signals reignited lingering concerns that the surge in AI capital expenditure by the largest companies in the US, which have carried US equity indices in recent quarters, may not be sustainable. Also, Crowdstrike also slipped over 10% after posting its earnings. Still, energy prices trimmed their increase last sessions on signals that the US is attempting to strike a deal with Iran. Bonds were also supported by the increase in job cuts per the latest data. The Dow added over 1% with support from defensive stocks as P&G and J&J added 2%. Blackstone gained 1.5%, rebounding from the slump yesterday despite being the latest private credit firm to cap withdrawals.
2026-06-04