Stocks Today, June 1, 2026: Market News, Top Movers and Key Updates

U.S. stocks finished higher on Monday, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all closing at record levels even as oil prices surged. The S&P 500 rose 0.26% to 7,599.96, the Nasdaq gained 0.42% to 27,086.81, and the Dow added 46.42 points, or 0.09%, to end at 51,078.88. Each benchmark also hit new intraday highs during the session.

Technology shares led the advance after Nvidia climbed more than 6% on the announcement of a new processor for personal computers. The move lifted related names, including Dell Technologies, which rose more than 10%, and HP Inc., which gained more than 8%. Intel fell more than 4% as investors reacted to the competitive pressure from Nvidia’s new chip.

Energy was the only other S&P 500 sector to finish in positive territory. Marathon Petroleum was among the top gainers, rising about 4%, while Exxon Mobil and Chevron added 2.8% and 1.9%, respectively. The sector benefited from a sharp jump in crude prices at the start of the week.

West Texas Intermediate crude futures climbed 5.93% to settle at $92.54 a barrel, while Brent crude rose 4.24% to close at $94.98. The increase came after a steep monthly decline in May, when the U.S. benchmark posted its largest drop since April 2025 and fell nearly 17%.

The latest market moves were driven in part by renewed geopolitical tension involving the U.S., Iran and Israel. Iranian state media reported that negotiators were ending communication with the U.S. and that Tehran could shut the Strait of Hormuz in response to Israeli attacks on Lebanon. President Donald Trump responded by saying he did not care whether peace talks with Iran had ended. He also said he planned to ask Israeli Prime Minister Benjamin Netanyahu about the situation in Lebanon.

Over the weekend, Netanyahu praised Israeli forces after they captured Beaufort castle in southern Lebanon as troops advanced further into the area. Trump later said in a Truth Social post that he had a “very productive call” with Netanyahu and that no troops would be sent to Beirut, adding that any troops already en route had been turned back. In another post, he said talks with Iran were continuing at a rapid pace.

The U.S. and Iran also exchanged strikes over the weekend. U.S. Central Command said Monday that American forces intercepted two Iranian ballistic missiles overnight that were aimed at U.S. forces in Kuwait. Last week, U.S. and Iranian negotiators reached a 60-day memorandum of understanding to extend a fragile ceasefire that had helped push stocks to record highs. Trump later ended a White House Situation Room meeting without announcing a final decision on the agreement.

Tim Holland, chief investment officer at Orion, said markets do not appear to expect a major re-escalation of the conflict. He added that energy prices are likely to stay below levels seen four to six weeks ago unless the situation worsens significantly beyond the violence seen at its peak.