Public Markets 8 Hours

Last updated: June 2, 2026, 8:30 PM ET

Equity Markets Asian stocks set to extend gains as the S&P 500 posted its longest winning streak in a year with nine consecutive sessions of increases, fueled by renewed enthusiasm for artificial intelligence stocks. The Canadian equity benchmark surpassed 35,000 for the first time, driven by broad-based rallies in energy and financial sectors as crude prices remained supported by tensions in the Middle East. Game Stop soared in after-hours trading after reporting record quarterly profit of $835.3 million, driven by its collectibles business, while also announcing a $2 billion buyback program to capitalize on the momentum. Meanwhile, SpaceX planned to set IPO terms as early as Wednesday, targeting a valuation of approximately $1.75 trillion according to people familiar with the matter, with banks positioned to make hundreds of millions from the anticipated blockbuster offering.

Commodities & Energy Oil prices gained traction amid signs that U.S.-Iran peace talks struggle to remain on track, with Treasury yields holding steady amid no visible progress in negotiations to reopen the Strait of Hormuz. A Mediterranean Shipping Company vessel was struck by two projectiles in an Iraqi port, highlighting ongoing security concerns in the region. BP held talks about selling £2 billion of UK North Sea assets to Ithaca as CEO Meg O'Neil continues her restructuring efforts, while Venezuela's National Assembly prepared to debate reforms that would open the country's electricity sector to private investment. U.S. natural gas futures edged lower in a rangebound session, supported by seasonal weather patterns that drive power-sector demand.

Fixed Income & Currencies Gold edged lower after robust U.S. jobs data reinforced bets that the Federal Reserve will keep interest rates higher for longer, even as front-month gold futures finished higher