Wall St ends higher, boosted by tech gains, US-Iran peace hopes
By Stephen Culp and Medha
Singh
Mon June 1, 2026
Nvidia today announced a revolutionary new AI chip that will go into personal computers and transform the entire PC market. With that news, there was a dramatic flight out of industrials and into tech with the Dow sinking almost 300 points by 11 a.m. but then recovering to close with a modest gain. Both the Nasdaq and S&P were on a consistent upward slope with the Nasdaq gaining some 220 by 2 pm before losing about half of that by close. Ditto for the S&P.
Although talks continue, the war news remains very unclear and thus also inflation news. Positive economic news included factory activity up for the fifth consecutive month but all eyes are really on the jobs report due Friday. With Nvidia now saying that software is part of the solution, the recent trends to sell off in that sector reversed today with a comeback. As today’s expert said, “On the software side, companies that hadn’t been doing very well, but are doing well today. The market is coming back to software stocks.” At 21.8 billion, volume was considerably ahead of the 19.7 average.
DJ: 51,032.46 +363.49 NAS: 26,972.62
+55.15 S&P: 7,580.07
+16.44 5/29
DJ: 51,078.88 +46.42 NAS: 27,086.81
+114.19 S&P: 7,599.96
+19.90 6/1
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