Wall Street traders sent stocks to all-time highs, bonds advanced while a rally in oil waned amid speculation about a diplomatic breakthrough in the three-month war that has rattled global markets.
Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep powering Corporate America.
Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Friday, June 5, 2026. Wall Street's historic weekly run is poised to come to a halt, with stocks and bonds falling after a solid jobs report added to speculation the Federal Reserve's next interest-rate move will be a hike.
Wall Street drove a rotation out of chipmakers into several other industries that tend to benefit from a resilient economy after Broadcom Inc.’s underwhelming outlook tested the artificial-intelligence trade.
A rebound on Wall Street drove stocks to all-time highs as President Donald Trump said talks with Iran are continuing at a rapid pace, with the market also rising on renewed artificial-intelligence enthusiasm.
Wall Street traders left stocks wavering amid mixed signals about prospects for a deal to end the war in Iran and revive energy flows through the vital Strait of Hormuz.
Sonal Desai, executive VP at Franklin Templeton Fixed Income, views the Federal Reserve as “very, very dovish” and says the market is not pricing in realistically what long-end yields would be.
Hopes that a ceasefire deal could pave the way for an end to the Iran conflict drove stocks to a historic streak of weekly gains, with the market also buoyed by the artificial-intelligence trade.
Federal Reserve Bank of St. Louis President Alberto Musalem says the balance of economic risks have shifted toward the inflation side. Speaking with Bloomberg's Stephanie Flanders at a central banking conference in Iceland, Musalem also discusses the impact of AI, the central bank's balance sheet and incoming Fed Chair Kevin Warsh.
A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal, with elevated energy costs fueling inflation risks.
Wall Street kicked off the holiday-shortened week with stocks joining bonds higher as hopes for a peace deal between the US and Iran overshadowed military strikes in the Persian Gulf.
US Secretary of State Marco Rubio speaks to reporters on the progress of a deal with Iran.
A revival of the artificial-intelligence trade kept driving Wall Street momentum, with stocks also rising on hopes for an agreement that would end the war that has roiled financial markets around the world.
Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields after a solid jobs report added to bets the Federal Reserve’s next interest-rate move will be a hike.
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, joins Katie Greifeld on "Bloomberg Real Yield." She says the May monthly jobs report won't help the Federal Reserve because it's still so concerned about the inflation outlook.
A rotation that has seen investors bail from richly priced technology names in favor of more economically sensitive industries resumed, with stocks trimming losses in the final stretch of trading.
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