World stocks rally on AI optimism; jitters over Iran persist
By Amanda Cooper and Chibuike
Oguh
Tue June 1, 2026 8:38 PM EDTUpdated 1 hour ago
The indexes edged slightly higher with continued AI fever as major companies continue to raise huge sums for AI expansion, Alphabet alone to the tune of some $80 billion. Job openings increased more than expected and that combined with yesterday’s data of increased factory activity lent more confidence to the stability and resilience of the economy. Of course, the real job numbers come on Friday. The jobs and factory data likely contributed to the big boost in the Dow.
Per the CBOE, volume was 21.2 billion, again well above the 19.7 average. I might add once in a while it becomes quite difficult to find a market summary, and today was such a day. It didn’t help that Reuters dated their report June 1st even though the data was obviously June 2nd.
DJ: 51,078.88 +46.42 NAS: 27,086.81
+114.19 S&P: 7,599.96
+19.90 6/1
DJ: 51,307.79 +228.91 NAS: 27,093.90
+7.09 S&P: 7,609.78
+9.82 6/2
No comments:
Post a Comment