Russell 2000\ \ 2934.07\ \ 1.40%
Dollar Index\ \ 96.00\ \ -0.14%
KBW Nasdaq Bank Index\ \ 175.06\ \ 3.47%
S&P GSCI Index Spot\ \ 708.91\ \ -1.71%
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Markets CoverageThe latest news & analysis
LIVE
June 4, 2026 at 11:29am ET
Stock Market Today: Dow Surges While Broadcom Drags Tech Stocks Lower
Dow industrials gain more than 800 points; oil slips
Created with Highcharts 9.0.1Stock indexes this weekSource: FactSetAs of June 4, 11:30 a.m. ET
Created with Highcharts 9.0.1June 2026June 4-1.75-1.50-1.25-1.00-0.75-0.50-0.2500.250.500.751.001.25%Dow S&P 500Nasdaq
Healthcare and financial stocks helped push the Dow Jones Industrial Average higher Thursday while tech stocks lagged behind.
Shares in UnitedHealth, a Dow component, rose after Bank of America upgraded the stock. Financial stocks in the Dow including Goldman Sachs, JPMorgan and American Express saw gains, as did payments giant Visa and consumer stocks like Walmart and McDonald's.
Broadcom’s latest results though are prompting investors to hit pause on the AI trade. The semiconductor and software maker’s shares are tumbling after its guidance on AI demand failed to live up to investors’ lofty expectations. That’s cascading through other stocks tied to AI, with Marvell Technology, AMD and Intel all sliding.
While the Nasdaq composite looks on pace to fall for a second day, the Dow has jumped more than 800 points, or 1.7%.
Meanwhile, oil prices are on pace to break a three-session streak of gains, falling about 3% after Israel and Lebanon agreed to renew their fragile ceasefire, potentially addressing what had become a sticking point in U.S-Iran talks to end the war. President Trump hinted on social media today that negotiations were at an advanced stage.
— By Caitlin McCabe and Heather Gillers
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