Wall Street hits fresh record highs

US stocks ended the first trading session of June at fresh record highs, lifted by gains in technology shares led by Nvidia, as Wall Street shrugged off pressure from a sharp rise in oil prices that weighed on other sectors.

The Dow Jones Industrial Average edged up 0.10%, or 46 points, to close at a record 51,078.

The S&P 500 gained 0.26%, or 19 points, to finish at 7,599, while the Nasdaq Composite advanced 0.42%, or 114 points, to 27,086, with both indexes also posting record closes.

In Europe, the STOXX Europe 600 fell 0.76% to 621 points.

FTSE 100 declined 0.68% to 10,338. Germany’s DAX lost 0.40% to 25,003, while France’s CAC 40 dropped 0.45% to 8,146.

In Japan, the Nikkei 225 rose 0.91% to 66,934, after briefly surpassing the 67,000-mark for the first time during the session, while the broader Topix index inched down 0.42% to 3,940.

In commodities, Brent crude futures for August delivery settled up 4.24%, or $3.86, at $94.98 a barrel.

US WTI crude futures for July delivery climbed 5.49%, or $4.80, to $92.16 a barrel.

Meanwhile, gold futures for August delivery fell 1.88%, or $86.70, to $4,506.30 an ounce.

Market Drivers

Nvidia led a strong rebound in technology stocks after unveiling a new processor for personal computers, helping offset concerns sparked by Iranian state television reports that Tehran had suspended negotiations with the US and was moving to fully close the Strait of Hormuz.

However, US President Donald Trump downplayed the Iranian report, saying talks were continuing and progressing rapidly. He also announced that Israel and Hezbollah had agreed to halt attacks, easing some geopolitical concerns.