Stock Market Live June 1, 2026: S&P 500 (SPY) Could See Higher Highs

Markets are still hitting higher highs. The S&P 500, for example, is up another 0.16%, or by 12 points. The SPDR S&P 500 ETF (SPY) is up 0.23%, or by $1.77. The Dow is up another 0.28%, or by 135 points. The Nasdaq is up by 0.14%, or by 43 points. Oil is up $2.50 at $89.88, as the war continues. Bitcoin is down by about $1 444.28 at $72,135.

Unfortunately, there’s still a good deal of uncertainty about the Iran war. Most recently, the U.S. said it struck Iranian radar sites as Kuwait reported missile and drone attacks. At the same time, President Trump said he would “make a final determination” shortly, and reiterated that Iran “must agree that they will never have a Nuclear Weapon,” as quoted by CNBC.

In addition, as pointed out by Adam Crisafulli, founder of Vital Knowledge, “Trump clearly doesn’t want to escalate and is looking for an off-ramp. Some type of a pact is very likely, and markets largely assume a sustained cessation of hostilities. An actual announcement will probably trigger a ‘sell the news’ reaction for the overall S&P 500.”

Market Movers: Dell 

After exploding on Friday, shares of Dell (NYSE: DELL | DELL Price Prediction) are up another $5.45 in premarket.

Once known primarily as a PC manufacturer, Dell has emerged as one of the biggest beneficiaries of the artificial intelligence boom, thanks to surging demand for its AI infrastructure and server business.

The company’s latest earnings report highlights just how strong that momentum has become.

In the first quarter, Dell reported earnings per share of $4.86, crushing Wall Street expectations by $1.96. Revenue surged 87.5% year over year to $43.8 billion, exceeding analyst forecasts by $8.46 billion. Much of that growth came from the company’s booming AI business. Dell booked $24.4 billion in AI orders during the quarter and generated $16.1 billion in AI server revenue.

“Our record Q1 performance reflects strong in-quarter demand, as well as our pace of innovation across the full stack of PCs, compute, and storage,” said Vice Chairman and Chief Operating Officer Jeff Clarke.

Management’s outlook suggests the growth isn’t slowing anytime soon. Dell raised its fiscal 2027 AI server revenue forecast to $60 billion, underscoring its confidence in continued AI spending across the industry.

Market Movers: Rare Earth Stocks 

Analysts at Needham just initiated a buy rating on MP Materials (NYSE: MP) and USA Rare Earth (NASDAQ: USAR). The firm noted, “We believe we are in the early innings of a multi-year investment cycle across the rare earth magnet value chain as governments around the world push to diversify critical supply chains outside of China. Through 2030, the industry is likely to be characterized by a race by Western suppliers to catch Western demand,” as quoted by CNBC.

Analysts at Citi reiterated a buy rating on Apple (NASDAQ: AAPL), noting that it is incrementally positive on iPhone shipments this year. It also sees Apple building on the strong momentum of the iPhone 17 family.