Nasdaq and S&P 500 Rise as Oil Prices Surge Amid Iran Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2026
0mins
The S&P and Nasdaq added to their recent gains to kick off June as investors weigh continued U.S.-Iran tensions against continued strength in the AI trade. Oil prices jumped again as Iranian state media reported that the country's negotiators are ceasing communication with the U.S. and that Iran will completely close off the Strait of Hormuz because of Israel's attacks on Lebanon. However, President Trump said in response in a post to social media that talks arewith Iran. Nvidia led technology stocks higher following the launch of a new chip for PCs as traders continue to funnel money into AI-related names, semiconductors, data-center infrastructure, and power-generation plays.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaunveiled adeveloped in partnership with Microsoftthat will be incorporated into a new RTX Spark chip for PCsTaylor Morrisonby Berkshire Hathawayfor $72.50 per share in cashWeatherfordNCS Multistagein a cash and stock transactionMcDonald'sannounced, the company's new strategy to unlock its "next phase of growth and productivity"Anthropic confidentially submitted a draft registration statement on Form S-1 to the SEC2. WALL STREET CALLS:Dell Technologiesto Equal Weight at Morgan StanleyCampbell'sto Equal Weight at StephensKohl'sto Buy at CitiRedwireto Hold at Jefferies following 223% advanceHawkEye 360with mostly Buy and equivalent ratings3. AROUND THE WEB:Applehas pushed into finance with a bill splitting service, Bloomberg reportsInteland 3DGS Inc. USA will invest about $3.3B to build a semiconductor substrate manufacturing plant in the Odisha's Bhubaneswar-Khurda region, Reuters reportsApproximately 1,000 workers at the American Axle plant in Three Rivers, Michigan are set to strike, which will stall production of key parts for certain General Motorstrucks, WSJ saysAppleis delaying iPhone-connected smart glasses to late 2027, aiming to disrupt the mid-tier $200-$500 eyewear market the way it disrupted the watch market, Bloomberg reportsSoftBankhas become Japan's largest company in market value, driven by AI demand and rising global investor interest in the sector, FT says4. MOVERS:Optimum Communicationswas higher after launching aMGM Resortsrose after People Incorporatedthe company for $48.30 per share in cashAMCgained after recording itsof May since 2019Immuneeringfell afterfrom its Phase 2a trial evaluating atebimetinib in combination with modified gemcitabine/nab-paclitaxelBlackSkywas lower after Jefferiesthe stock to Hold from Buy5. EARNINGS/GUIDANCE:Rapid7backed itsand FY26SAICand raised its guidance for FY27Humanareaffirmed itsCango, with EPS and revenue lower year-over-yearBroadcomwillon June 3, 2026INDEXES:The Dow rose 46.42, or 0.091%, to 51,078.88, the Nasdaq gained 114.19, or 0.42%, to 27,086.81, and the S&P 500 advanced 19.90, or 0.26%, to 7,599.96.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 294.300
Low
239.00
Averages
306.89
High
350.00
Current: 294.300
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apple Aims to Release More Quality TV Shows and Movies
- Content Expansion Plans: Apple executive Eddy Cue stated that the company aims to release more quality TV shows and movies on its streaming service and in theaters, intending to enhance user experience and strengthen market competitiveness.
- Successful Works Review: Since launching Apple TV+ in 2019, Apple has successfully produced several award-winning works, including the Oscar-winning film 'CODA' and the box office hit 'F1', which have garnered positive reputation and audience base for the company.
- Future Development Direction: Cue mentioned that a script for a sequel to 'F1' is in the works, and the company plans to continue producing more films to meet the demands of both streaming and theatrical markets, thereby further solidifying Apple's position in the entertainment industry.
- Strategic Synergy: Cue emphasized that theatrical releases and streaming are complementary, believing that the success of 'F1' demonstrates the synergy between the two, and the company will continue to leverage both paths to attract a broader audience.
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Qualcomm Investor Day to Focus on AI Chip Market Expansion
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- Customer Acquisition Expectations: Analysts anticipate Qualcomm will reveal new customers for its AI chips, attempting to carve out a niche in a market dominated by Nvidia, reflecting increasing pressures in the smartphone sector.
- Financial Target Outlook: By fiscal 2027-2028, Qualcomm's data center business is expected to generate annual revenues of $2 billion to $5 billion, with investors keenly watching for updates on long-term financial targets, particularly regarding growth in non-handset sectors.
- Acquisition Strategy: Qualcomm announced a $4 billion all-stock acquisition of AI software startup Modular, aiming to compete against Nvidia's proprietary CUDA software, thereby strengthening its market position in the AI sector.
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- First Quarter Recovery: In Q1, Danaher reported revenue of $5.95 billion, a 3% year-over-year increase, with EPS at $1.45, up 9.8%, demonstrating financial resilience despite a 22% stock price decline this year.
- Significant Order Growth: The company noted a 30% year-over-year increase in equipment orders, signaling the start of a multi-year manufacturing investment cycle, bolstered by reshoring trends and renewed interest in the life sciences sector.
- Low Market Valuation: Despite execution risks, Danaher's stock trades at just over 20 times forward earnings, significantly below its typical valuation over the past decade, suggesting that if management successfully integrates Masimo, the current stock price may be undervalued.
See More
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- Acquisition Impact: Danaher's $9.9 billion acquisition of Masimo is expected to boost adjusted EPS by $0.15 to $0.20 in the first year, yet it raises concerns over patent disputes with Apple and increased debt levels.
- Financial Performance: In Q1 2023, Danaher reported revenues of $5.95 billion, a 3% year-over-year increase, with EPS at $1.45, reflecting a 9.8% growth, demonstrating resilience amid challenges.
- Market Dynamics: The U.S. pharma and life sciences sector saw M&A activity exceed $65 billion in Q1 2026, nearly doubling the previous year's total, indicating large pharmaceutical companies are seeking acquisitions to enhance their pipelines, which could benefit Danaher's equipment sales.
- Future Outlook: Despite the execution risks of integrating Masimo, Danaher raised its 2026 EPS guidance to a range of $8.35 to $8.55, indicating confidence in future growth, although the market remains cautious about the stock's rebound potential.
See More
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- Dow Inclusion: Alphabet will join the Dow Jones Industrial Average on Monday, replacing Verizon, symbolizing the index's evolution in response to new economic forces, although this inclusion does not directly drive stock purchases.
- Price Impact: With Alphabet trading at $350 compared to Verizon's $46, Alphabet's higher volatility will have a more significant impact on the Dow average, potentially influencing investor sentiment in the market.
- AI Strategic Edge: Google's leadership in AI is bolstered by its cloud computing services, the strong AI model Gemini, and custom AI chips, although recent concerns over executive departures and AI spending plans have led to a 6% drop in stock price.
- Technical Analysis Support: Technical analysis indicates that Alphabet's stock is finding support around $343, and while recent negative news may cap near-term upside, long-term investors might find current levels opportunistic for entry.
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- Dow Component Change: Alphabet (GOOGL) replaces Verizon (VZ) in the Dow Industrials, marking a significant shift towards mega-cap tech within the 130-year-old index, which may alter investor perceptions of traditional sectors amidst a tech-dominated market.
- Performance Comparison: While the Dow still features strong traditional stocks like Caterpillar (CAT) and Cisco (CSCO), which are up nearly 75% and 60% respectively, Alphabet's inclusion could shift focus towards tech stocks, reflecting current market dynamics.
- Investor Sentiment Shift: Changes in Dow components often signal market trends, and Alphabet's addition may be interpreted as a sign that its market cap has become too significant to overlook, prompting investors to monitor its price action around previous breakout levels.
- Key Future Trajectory: Should Alphabet maintain its stock price above its old breakout zone, it could attract further buying support; conversely, a decline could render the Dow more aligned with Nasdaq characteristics, impacting overall market sentiment.
See More
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- Content Expansion Plans: Apple executive Eddy Cue stated that the company aims to release more quality TV shows and movies on its streaming service and in theaters, intending to enhance user experience and strengthen market competitiveness.
- Successful Works Review: Since launching Apple TV+ in 2019, Apple has successfully produced several award-winning works, including the Oscar-winning film 'CODA' and the box office hit 'F1', which have garnered positive reputation and audience base for the company.
- Future Development Direction: Cue mentioned that a script for a sequel to 'F1' is in the works, and the company plans to continue producing more films to meet the demands of both streaming and theatrical markets, thereby further solidifying Apple's position in the entertainment industry.
- Strategic Synergy: Cue emphasized that theatrical releases and streaming are complementary, believing that the success of 'F1' demonstrates the synergy between the two, and the company will continue to leverage both paths to attract a broader audience.
See More
Qualcomm Investor Day to Focus on AI Chip Market Expansion
- Market Expansion Strategy: Qualcomm is set to announce its strategy for expanding into the rapidly growing AI data center chip market during its investor day on Wednesday, aiming to break free from the limitations of its core smartphone business amid a highly competitive landscape.
- Customer Acquisition Expectations: Analysts anticipate Qualcomm will reveal new customers for its AI chips, attempting to carve out a niche in a market dominated by Nvidia, reflecting increasing pressures in the smartphone sector.
- Financial Target Outlook: By fiscal 2027-2028, Qualcomm's data center business is expected to generate annual revenues of $2 billion to $5 billion, with investors keenly watching for updates on long-term financial targets, particularly regarding growth in non-handset sectors.
- Acquisition Strategy: Qualcomm announced a $4 billion all-stock acquisition of AI software startup Modular, aiming to compete against Nvidia's proprietary CUDA software, thereby strengthening its market position in the AI sector.
See More
Danaher's Masimo Acquisition Raises Concerns Amid Growth Potential
- Acquisition Potential: Danaher's $9.9 billion acquisition of Masimo raises patent dispute concerns but is expected to add $0.15 to $0.20 to adjusted EPS in the first year, scaling to $0.70 by year five, indicating significant future growth potential.
- First Quarter Recovery: In Q1, Danaher reported revenue of $5.95 billion, a 3% year-over-year increase, with EPS at $1.45, up 9.8%, demonstrating financial resilience despite a 22% stock price decline this year.
- Significant Order Growth: The company noted a 30% year-over-year increase in equipment orders, signaling the start of a multi-year manufacturing investment cycle, bolstered by reshoring trends and renewed interest in the life sciences sector.
- Low Market Valuation: Despite execution risks, Danaher's stock trades at just over 20 times forward earnings, significantly below its typical valuation over the past decade, suggesting that if management successfully integrates Masimo, the current stock price may be undervalued.
See More
Danaher's Masimo Acquisition Raises Concerns Amid Stock Decline
- Acquisition Impact: Danaher's $9.9 billion acquisition of Masimo is expected to boost adjusted EPS by $0.15 to $0.20 in the first year, yet it raises concerns over patent disputes with Apple and increased debt levels.
- Financial Performance: In Q1 2023, Danaher reported revenues of $5.95 billion, a 3% year-over-year increase, with EPS at $1.45, reflecting a 9.8% growth, demonstrating resilience amid challenges.
- Market Dynamics: The U.S. pharma and life sciences sector saw M&A activity exceed $65 billion in Q1 2026, nearly doubling the previous year's total, indicating large pharmaceutical companies are seeking acquisitions to enhance their pipelines, which could benefit Danaher's equipment sales.
- Future Outlook: Despite the execution risks of integrating Masimo, Danaher raised its 2026 EPS guidance to a range of $8.35 to $8.55, indicating confidence in future growth, although the market remains cautious about the stock's rebound potential.
See More
Alphabet Joins Dow Jones Industrial Average, Reflecting Tech Evolution
- Dow Inclusion: Alphabet will join the Dow Jones Industrial Average on Monday, replacing Verizon, symbolizing the index's evolution in response to new economic forces, although this inclusion does not directly drive stock purchases.
- Price Impact: With Alphabet trading at $350 compared to Verizon's $46, Alphabet's higher volatility will have a more significant impact on the Dow average, potentially influencing investor sentiment in the market.
- AI Strategic Edge: Google's leadership in AI is bolstered by its cloud computing services, the strong AI model Gemini, and custom AI chips, although recent concerns over executive departures and AI spending plans have led to a 6% drop in stock price.
- Technical Analysis Support: Technical analysis indicates that Alphabet's stock is finding support around $343, and while recent negative news may cap near-term upside, long-term investors might find current levels opportunistic for entry.
See More
Alphabet Joins Dow Industrials, Replacing Verizon
- Dow Component Change: Alphabet (GOOGL) replaces Verizon (VZ) in the Dow Industrials, marking a significant shift towards mega-cap tech within the 130-year-old index, which may alter investor perceptions of traditional sectors amidst a tech-dominated market.
- Performance Comparison: While the Dow still features strong traditional stocks like Caterpillar (CAT) and Cisco (CSCO), which are up nearly 75% and 60% respectively, Alphabet's inclusion could shift focus towards tech stocks, reflecting current market dynamics.
- Investor Sentiment Shift: Changes in Dow components often signal market trends, and Alphabet's addition may be interpreted as a sign that its market cap has become too significant to overlook, prompting investors to monitor its price action around previous breakout levels.
- Key Future Trajectory: Should Alphabet maintain its stock price above its old breakout zone, it could attract further buying support; conversely, a decline could render the Dow more aligned with Nasdaq characteristics, impacting overall market sentiment.
See More
