Dow, Small Caps Steal the Show Despite Tech Weakness

By Patrick Martin | June 04, 2026, 4:26 PM

Stocks bounced back in dramatic fashion today, as falling bond yields overshadowed a rotation out of tech. The Dow added 874 points for a record close and its best single-session pop since April 8. The S&P 500 and Nasdaq both erased sharp deficits from the morning, though the tech-heavy latter ultimately closed in the red amid a post-earnings selloff from Broadcom (AVGO). Small caps were an underrated winner today, with the Russell 2000 Index (RUT) nabbing a record close.

Continue reading for more on today's market, including:

Put traders are targeting this outperforming ETF.
Oracle earnings: what you need to know.
Plus, UNH upgraded; Ciena takes a breather; and more on the crypto winter.

5 Things to Know Today

Blackstone has reignited the private credit panic. (CNBC)
The House of Representatives could help end the U.S-Iran war. (Reuters)
Upgrade has UnitedHealth stock back on track.
Software stock cooling off after earnings
Bitcoin busted: how Coinbase, Strategy are affected.

Oil Pivots Lower as Bullion Rises

Oil prices took a much-needed breather, after a Wall Street Journal report indicated President Donald Trump is hesitant to restart hostilities against Iran. July-dated West Texas Intermediate (WTI) shed 3.1% to settle at $93.04 a barrel.

Gold prices gained today, as the U.S. dollar fell and bond yields pulled back. June-dated gold futures added 0.9% to $4,508 per ounce.

Mentioned In This Article

AVGO

-12.59%

Broadcom Inc

Latest News

27 min	Asian stocks take another hit from AI, Mideast worries AVGO -12.59% AFP
29 min	MU, SNDK, WDC: Memory Stocks Dip As Broadcoms Forecast Dampens AI Sentiment, Retail Turns Buyer AVGO -12.59% Stocktwits
1 hour	Nasdaq, S&P 500, Dow Futures Slip As Chip Stocks Pull Back: LULU, NFLX, KEEL, MRLN Stocks In Focus AVGO -12.59% Stocktwits
1 hour	Stocks drop as AI rally pauses, US-Iran peace talks stall AVGO -12.59% Reuters
3 hours	Review & Preview: Health Check AVGO -12.59% Barrons.com
3 hours	Dow Jones Hits High, AI Stocks Shrug Off Broadcom, Ciena Sell-Offs; Jobs Report Looms AVGO -12.59% Investor's Business Daily
4 hours	Stock market today: S&P 500, Nasdaq futures slip ahead of May jobs report AVGO -12.59% Yahoo Finance
4 hours	Wall St ends mostly higher as Dow claims record closing high AVGO -12.59% Reuters Videos
5 hours	Oil drops, stocks mostly higher despite AI concerns AVGO -12.59% AFP
5 hours	Dow Hits Record High And S&P 500 Gains As Oil Slides, While Chip Weakness Weighs On Nasdaq AVGO, UNH, META, PINS, RUM In Focus AVGO -12.59% Stocktwits
6 hours	Wall Street ends mixed as Broadcom drags tech, European stocks gain; oil dips AVGO -12.59% Reuters
6 hours	Dow Notches Fresh Record, Buoyed by Healthcare, Financial Stocks AVGO -12.59% The Wall Street Journal
6 hours	Broadcom miss sparks fears around AI margin pressure, investor says AVGO -12.59% Reuters Videos
6 hours	Broadcom sheds $286 billion in market value in historic selloff AVGO -12.59% MarketWatch
6 hours	Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq AVGO -12.59% Reuters

Dow, Small Caps Steal the Show Despite Tech Weakness

5 Things to Know Today

Oil Pivots Lower as Bullion Rises

Mentioned In This Article

Latest News

Upgrade your Finviz experience