U.S. Stocks Fall Amid Mideast Clashes
The latest skirmish between the U.S and Iran decisively broke a long winning streak for stocks, with the Dow Jones Industrial Average closing down 1.2%, the Nasdaq composite falling 0.9% and the S&P 500 declining 0.7%.
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U.S.-Iran Skirmish Spurs Deadly Drone Attack on Kuwait Airport
The fresh fighting was among the most intense since an April ceasefire, and came as diplomatic efforts have stalled.
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How single-stock turbulence presents ‘asymmetric’ downside risk for a rather calm S&P 500
A “dispersion trade” is being fueled by rising volatility for individual stocks while index volatility is falling – suggesting the risks of a selloff are rising
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A Short Seller’s Fraud Conviction Is Spooking Wall Street
Traders who bet on stock-price declines worry that prosecutors are equating their tactics with market manipulation.
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Trump Tells Aides He Won’t Resume All-Out War With Iran Unless U.S. Troops Are Killed
Repeated strikes by Tehran have ratcheted up pressure on the president and cast doubt over the ceasefire’s long-term viability, officials said.
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The Crypto Winter Turns Colder as Bitcoin Extends Its Slide
The digital token fell for a fourth straight day after a sale by one of bitcoin’s biggest cheerleaders.
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Logan: Fed May Need to Hike Interest Rates This Year to Confront Inflation
Dallas Fed President Lorie Logan gave one of the most direct warnings yet from a U.S. central banker that the Federal Reserve may need to tighten monetary policy.
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Energy Costs Continue to Feed Inflation, Fed’s Beige Book Shows
U.S. businesses endured another month of energy-driven price increases and economic uncertainty in the third month of the Iran conflict, according to a recent survey from the Federal Reserve.
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Sticker Shock at the Pump Fuels a Surge in Hybrid Sales
Sales of hybrid vehicles rose 33% in May from last year as buyers seek better fuel economy.
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ADP Says Private-Sector Hiring Stayed Strong Last Month
Private companies added a net 122,000 jobs in May, ADP said, compared with 105,000 additions in April and economists expectations of 110,000 new jobs.
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U.S. Services-Sector Activity Continued to Expand in May
The Institute for Supply Management’s purchasing managers index for services providers was 54.5 compared with 53.6 in April.
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U.S. Crude Oil Stockpiles Post Sixth Straight Weekly Drop
U.S. crude oil inventories extended their decline, falling by 8 million barrels, as exports rose and refineries ran near full capacity.
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Canada Orders Broadcast Regulator to Revise Streaming Decision Amid U.S. Trade Talks
Industry watchers and consumer groups said the directive kills efforts by the CRTC to sharply increase the level of payments that U.S. companies like Netflix would have to fork over to finance Canadian productions.
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Canada Services Activity Grows Slightly in May
Activity in Canada’s services industry picked up slightly last month despite a fall in new business and ongoing economic uncertainty.
(END) Dow Jones Newswires
June 04, 2026 01:15 ET (05:15 GMT)
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