Pre-Market Stock Futures:
Futures are trading lower on Tuesday, but the technology tsunami continued on Monday, as all major indices dipped into the red early on news that Iran was halting the peace negotiations and would block the Strait of Hormuz. But that sell-off lasted until about noon, before a big reversal, which, by that close, had all the major indices except the Russell 2000 ending the day higher. The S&P 500, which is looking to post its 10th consecutive week of gains, once again finished at an all-time high, closing up 0.26% at $7,599, while the Nasdaq was last seen at 27,086, up 0.42%. The Dow Jones Industrial Average, which was down big early on, closed Monday at 51,078, up 0.09%. As mentioned, the only index to finish the day lower was the small-cap-loaded Russell 2000, which closed at 2,905, down 0.47%.
Treasury Bonds:
Yields closed higher across the Treasury curve, except for the very long-end 20 and 30-year maturities, as hot rhetoric from Iran brought some sellers in after last week’s big rally in government debt. When the dust settled on Monday, the yields on the 20-year and 30-year bonds ended at 4.97%, a level that was surprisingly the same given the duration gap. This has happened in the past, as the 20-year Treasury has historically suffered from lower liquidity and different investor demand than the highly sought-after 30-year bond.
Oil and Gas:
Naturally, after a nice move lower in energy prices, which consumers could use ahead of the busy summer driving season, the major oil benchmarks jumped higher on news about Iran and some military exchanges in the Middle East. Brent Crude closed Monday at $95.33, up 4.62%, while West Texas Intermediate was last seen at $92.42, up a whopping 5.79%. Natural gas, which rallied sharply to end May, closed down 3.13% at $3.19.
Gold:
After a solid week to end May, the precious metals complex started June lower, despite geopolitical issues that often prompt investors to look to the sector. By the closing bell, Gold was quoted at $4,484, down 1.19%, while Silver ended Monday’s action at $74.74, down 0.54%. UBS said yesterday that it remains very bullish across all commodities in 2026.
Crypto:
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Tuesday, June 2, 2026.
Upgrades:
- Hewlett Packard Enterprise (NYSE: HPE | HPE Price Prediction) was upgraded to Buy from Hold at Loop Capital, which blasted the target price for the legacy technology giant to $75 from $23.
- Knight-Swift Transportation Holdings (NYSE: KNX) was upgraded to Positive from Neutral at Susquehanna, which lifted the target price to $90 from $72.
- Macerich (NYSE: MAC) was upgraded to Buy from Hold at Deutsche Bank, which raised the price target to $27 from $20.
- Meta Platforms (NASDAQ: META) was raised to Buy from Neutral at Arete, which boosted the target price for the tech giant to $735 from $614.
- Tripadvisor (NASDAQ: TRIP) was upgraded to Outperform from Neutral at Wedbush, which moved the price target to $19 from $12.
Downgrades:
- Abivax (NASDAQ: ABVX) was downgraded to Hold from Buy at Jefferies, which cut the price target to $90 from $160.
- Danaher (NYSE: DHR) was assumed with a Peer Perform rating down from Outperform at Wolfe Research, without a target price.
- Intuit (NASDAQ: INTU) was downgraded to Sell from Neutral at Goldman Sachs, which slashed the target price for the stock to $276 from $519.
- Sherwin-Williams (NYSE: SHW) was cut to Neutral from Buy at UBS, which dropped the price target for the stock to $330 from $385.
- Taylor-Morrison Home (NYSE: TMHC) was downgraded to Hold from Buy at Truist, with a $72.50 tartget price. Berkshire Hathaway is purchasing the homebuilder.
Initiations:
- CoreWeave (NASDAQ: CRWV) was initiated with an Outperform rating at BNP Paribas, which has a $192 target price.
- Guardant Health (NYSE: GH) was assumed with an Outperform rating at Wolfe Research, which lifted the target price for the shares to $150 from $120.
- Starwood Property Trust (NASDAQ: STWD) was resumed with a Buy rating at UBS, with a $21 target price objective.
- Take-Two Interactive Software (NASDAQ: TTWO) was started with an Overweight rating at Piper Sandler, with a $280 target price.
- Unity Software (NYSE: U) was assumed with an Overweight rating at Piper Sandler, which bumped the target price for the share to $40 from $35.