U.S. stocks opened June at fresh record highs as Nvidia’s Computex blitz reignited the AI trade and energy stocks rode a geopolitically driven oil spike. The S&P 500 finished Monday at 7,599.96 (+0.26%), the Nasdaq closed at 27,086.81 (+0.42%), and the Dow tagged a fresh record at 51,078.88, with all three indexes clinching new all-time closing highs to start the month. Nvidia surged 5.7% after CEO Jensen Huang unveiled the RTX Spark superchip, the Vera CPU, and confirmed Vera Rubin in full production, lifting Microsoft (+2.3%) and Oracle (+9.9%) alongside it. Hewlett Packard Enterprise rocketed roughly 40% after a blowout Q2 and raised guidance, while WTI crude jumped above $92 on reports Iran was preparing to close the Strait of Hormuz, pushing the energy sector up nearly 2%. Attention now turns to JOLTS on Tuesday, the Broadcom and CrowdStrike earnings double-header Wednesday, and Friday’s May jobs report, with Fed funds futures still pricing zero cuts in 2026 and the June 17 FOMC just two weeks away.
DOW JONES
51,078.88
▲ 0.09%
JOLTS Job Openings (Apr)
ECONOMIC DATA The first labor read of the week, with consensus looking for job openings to hold near 6.87M. A material drop would reinforce the cooling-but-not-cracking narrative the Fed is leaning on; a surprise rebound would muddy the path to any 2026 cut.
ADP & ISM Services
ECONOMIC DATA A private-payrolls preview (consensus ~110K) and the services-side PMI ahead of Friday’s jobs report. Both feed directly into the labor and inflation debate the Fed will weigh at the June 17 meeting.
Broadcom & CrowdStrike
EARNINGS The week’s marquee earnings double-header. With Nvidia’s Computex announcements re-energizing the AI trade, the Street wants confirmation that AI demand is still accelerating across networking silicon and cybersecurity.
May Jobs Report
ECONOMIC DATA The week’s headline release. With unemployment at 4.3% and core CPI still at 2.8%, a soft print would revive rate-cut hopes that markets have largely written off; a hot number would lock the Fed at 3.50–3.75% through the summer.
May CPI
ECONOMIC DATA The next inflation print and the single biggest input into the June 17 dot plot. April’s 3.8% headline was driven by a 17.9% energy surge — traders want to see whether Monday’s oil spike threatens to keep that pressure on into May.
FOMC Rate Decision
FED The next Fed decision and updated dot plot. Futures price a ~98% chance of a fourth straight hold at 3.50–3.75%, so the action is in the SEP — any tilt toward zero cuts in 2026 would land hard on a market sitting at record highs.
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Sector Pulse — Past Week