Dow Jumps 925 Points as Brent Falls 2.8% and AI Stocks Slide
Updated
Updated · The Associated Press · Jun 4
Dow Jumps 925 Points as Brent Falls 2.8% and AI Stocks Slide
3 articles · Updated · The Associated Press · Jun 4
Summary
The Dow rose 925 points by midday Thursday while the S&P 500 gained 0.3% and the Nasdaq slipped 0.2%, extending a split market after Wednesday’s pullback from a record high.
Brent crude fell 2.8% to $95.10 a barrel, easing inflation pressure and Treasury yields as traders bet the U.S. and Iran will reopen the Strait of Hormuz to tankers.
Broadcom sank 14.7%, Micron dropped 6.5% and CrowdStrike lost 6.1% even after upbeat results, suggesting investors are trimming richly valued AI winners after huge 2026 gains.
Outside tech, gainers were broader—3 in 4 S&P 500 stocks rose, the Russell 2000 added 1.2%, and companies such as Toro and Zoetis advanced on stronger profit expectations.
Mixed U.S. data—higher jobless claims and weaker-than-expected first-quarter productivity—added to signs Wall Street is rotating away from AI leaders toward sectors helped by lower oil and rates.