Public Markets 8 Hours

Last updated: June 4, 2026, 11:31 PM ET

Energy & Commodities

Oil futures pulled back 2.1% after three consecutive sessions of gains, with a tentative ceasefire agreement between Israel and Lebanon suggesting possible support for U.S.-Iran talks. Meanwhile, gold steadied near $2,340/oz as uncertainty persisted over progress in US-Iran negotiations to end the war that's roiled global markets. U.S. natural gas futures posted back-to-back gains supported by a hotter weather outlook and a below-average build in inventories, while Sempra Infrastructure began producing LNG from Mexico's first West Coast export terminal, with plans to ultimately ship the fuel to Asia. In the metals space, iron ore headed for a fourth straight weekly loss as prices retreated on a seasonally weakening market.

Equity Markets

The Dow Jones Industrial Average notched a fresh record with a gain of 875 points, buoyed by strong performances in healthcare and financial stocks, while tech investors grappled with a stumble by Broadcom. In a dramatic session, Broadcom suffered a $285 billion valuation wipeout as shares dropped 12% after the chipmaker's revenue outlook disappointed investors. Despite the chip stock slump, Wall Street analysts maintained bullish sentiment on semiconductor companies, noting the selloff represented a buying opportunity. In Asian markets, South Korea's Kospi showed signs of strain after a 105% rally, while Vietnam's biggest stock Vingroup surged 1,000%, confounding seasoned analysts and raising questions about the sustainability of the rally. China's semiconductor stocks poised