Dow Hits Record High as April JOLTS Jumps 731,000 and AI Stocks Surge
Updated
Updated · Barchart · Jun 2
Dow Hits Record High as April JOLTS Jumps 731,000 and AI Stocks Surge
3 articles · Updated · Barchart · Jun 2
The Dow set a fresh all-time high after U.S. indexes reversed early losses, with the S&P 500 up 0.24% and the Nasdaq 100 up 0.29%.
April JOLTS job openings unexpectedly rose 731,000 to 7.618 million—a 23-month high—while AI spending kept lifting tech shares.
HPE jumped more than 25% after raising full-year EPS guidance, and Marvell climbed more than 25% after Nvidia CEO Jensen Huang said it could reach a $1 trillion valuation.
Gains were tempered by a 4% drop in Bitcoin, broad software weakness led by Intuit's 10% slide, and hawkish Fed comments that rates may still not be restrictive.
Oil eased and Treasury yields fell as Trump said Iran talks were moving rapidly, helping markets look past earlier worries over a Hormuz reopening and a Lebanon ceasefire.