Markets reached new heights overnight.
The US stock market closed at record levels on June 2nd, with NVIDIA leading gains among technology stocks.
NVIDIA featured prominently among the top 20 US stocks by trading volume as it announced a new push into the PC chip market.
Most popular US-listed Chinese stocks advanced, with Taiwan Semiconductor Manufacturing Company gaining 4.21%, while Li Auto declined by 3.13%.
European equity markets retreated as Iran ceased information exchanges with the United States.
A commodities overview showed oil prices jumping, London copper rising, and gold prices falling.
On the macroeconomic front, former President Donald Trump indicated a potential US-Iran agreement could be reached within a week, extending a ceasefire and reopening the Strait of Hormuz.
Trump stated that negotiations with Iran are still progressing "rapidly."
He added that he has not received any message from Iran about pausing talks.
Trump confirmed discussions with Iran are ongoing, aiming to ease tensions in Lebanon.
Meanwhile, the US Strategic Petroleum Reserve fell to its lowest level in over two years.
Israel's Prime Minister stated the military will continue planned operations in southern Lebanon.
Prime Minister Netanyahu spoke with Trump, discussing the situations in Iran and Lebanon.
Hamas reported its delegation met with Turkey's intelligence chief to discuss the Gaza situation.
Iran's Islamic Revolutionary Guard Corps claimed to have struck US and Israeli vessels.
The IRGC hinted that navigation through the Bab el-Mandeb Strait could be subject to control.
Iran's Foreign Ministry asserted the US bears direct responsibility for Israel's violations of the Lebanon-Israel ceasefire agreement.
Lebanon's presidential office stated Hezbollah has committed to halting strikes on Israel.
In corporate news, Anthropic is advancing its IPO process, accelerating competition with OpenAI.
Hewlett Packard Enterprise's stock surged in after-hours trading on expectations of strong server demand growth over the next 18 months.
**Alphabet (NASDAQ: GOOGL)**
Alphabet plans to raise $80 billion through an equity financing round to fund artificial intelligence expenditures.
Interactive Brokers reported average daily revenue trades of 4.97 million in May, a 47% year-over-year increase.
Adobe is scheduled to release its fiscal second-quarter earnings on June 11, 2026, with market focus on its AI strategy and growth momentum.
SpaceX has reserved 5% of shares for its IPO, targeting a valuation of $1.8 trillion.
Apple is preparing to launch a bill-splitting feature, marking a further step into the financial services sector.
Anthropic will grant the European Union access to its advanced model, Mythos.
IBM's stock price jumped as an old video of Trump praising its CEO recirculated online.
**NVIDIA Corp (NASDAQ: NVDA)**
NVIDIA is set to enter the personal computer market with new chips, challenging Intel and AMD.
Salesforce's investment in Anthropic is valued at approximately $50 billion.
SpaceX noted that Elon Musk has agreed to a 366-day lock-up period for his shares.
Commentary highlights retail investors seeking indirect ways to gain exposure to a potential SpaceX listing.
In the US bond market, Treasury prices fell as oil price movements reflected a stalemate in ceasefire negotiations.
Qualcomm's CEO, Cristiano Amon, forecasted that demand for AI tokens will grow 40-fold by 2030.
Apollo's chief economist suggested the AI boom could dampen hopes for rapid interest rate cuts by potential new Fed Chair Kevin Warsh.
A New York Fed study indicated remote work has a greater impact on job prospects for young graduates than artificial intelligence.
US manufacturing activity expanded for a fifth consecutive month, posting its largest increase in four years during May.