June 1 Stock Market Update: Tech and Software Stocks Drive Gains
On June 1, the S&P 500 rose by 0.26% to near record levels as tech and software stocks outperformed amid AI optimism. The Nasdaq Composite gained 0.42%, while the Dow Jones Industrial Average edged up slightly at 0.09%. Rising oil prices pressured some sectors, but strong performance in chipmakers like Marvell Technology and gains by companies such as ServiceNow, IBM, Microsoft, Dell Technologies, Oracle, Adobe, and CrowdStrike supported broader market strength.
Tickers: $ADBE $CRWD $DELL $IBM $MRVL $MSFT $NOW $NVDA $ORCL
Topics: AI stocks Dow Jones Industrial Average Nasdaq Composite oil prices S&P 500