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Informist, Wednesday, Jun. 3, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end higher, most S&P 500 sector indices gain

 

MUMBAI--0740 IST--All three US indices ended in the green Tuesday as optimism around artificial intelligence continued to drive stocks up. Only four of 11 major S&P 500 sectors declined. However, gains were limited as investors were on edge amid fresh strikes between the US and Iran.

 

"Iran launched several ballistic missiles toward regional neighbors; however, all failed to hit their intended targets. Two Iranian missiles fired at Kuwait fell short or broke apart enroute, and three missiles launched at Bahrain were immediately intercepted by U.S. and Bahrain air defense forces," the US Central Command said in a statement. 

 

Among some stand-out shares were Marvell Technology. The company's shares soared more than 32?ter Nvidia Corp. Chief Executive Officer Jensen Huang called it the next "trillion-dollar company". Broadcom rose over 4% to touch a record high a day ahead of its earnings for the quarter ended April. In other news, Google parent Alphabet revealed plans to raise $80 billion to expand infrastructure for artificial intelligence and computing. The company also said it will sell $10 billion in stock to Berkshire Hathaway in a private placement. Shares of Alphabet fell almost 4%.

 

Meanwhile, US job openings rose 4.6% in April to 7.6 million, up from the upwardly revised 6.9 million in March. This is the highest rise in nearly two years. Meanwhile, the hiring rate fell to 3.2% in April from 3.5% in March. "For now, the labor market remains mostly stable. With the quits rate and the layoff rate ticking down in April, neither employees nor employers are in a hurry to make moves." CNBC quoted Matthew Martin, senior US economist at Oxford Economics, as saying in a note.

 

The following were the closing levels of major US indices on Tuesday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51307.79	0.45
NASDAQ Composite	27093.90	0.03
S&P 500	7609.78	0.13

 

(Ruchira Kagita)

 

US$1 = INR 95.265

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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