Stock Market Today, June 1: Tech and Software Stocks Lift Markets
2026-06-01 17:39:58 ET
The S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 7,599.96, closing near record territory as artificial intelligence (AI) winners offset energy headwinds, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.42% to 27,086.81 on chip and software strength. The Dow Jones Industrial Average (DJINDICES:^DJI) inched up 0.09% to 51,078.88 under pressure from higher oil and yields.
ServiceNow jumped about 9% on upbeat analyst commentary arguing that increased AI demand could help the company rather than replace it. This year has been tough for software stocks , as AI-replacement fears have driven heavy selling. However, today brought gains for key names like Oracle , Adobe , and CrowdStrike.
Nvidia’s new AI superchip launch boosted tech stocks such as Microsoft and Dell Technologies. IBM surged roughly 9% after a bullish analyst initiation and chipmaker Marvell Technology notched an all-time high.
NASDAQ: MRVL
MRVL Trading
30.03% G/L:
$281.805 Last:
67,992,609 Volume:
$253.46 Open:
