A small boat moves along the shoreline where an a cargo vessel, tugboat and industrial barge are all anchored in the Strait of Hormuz off Bandar Abbas, Iran, on June 1. (Amirhosein Khorgooi\/ISNA via AP)<\/p>\n
\nJune 4, 2026 8:13 AM, EDT
\n | Updated: June 4, 2026 10:09 AM, EDT<\/p>\n
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\nOil prices fell and U.S. stock futures were mixed June 4 after geopolitical developments, including a renewed Israel-Lebanon ceasefire and a U.S. House vote on Iran, shifted markets.Prices dropped as hopes rose for reopening the Strait of Hormuz.Investors are watching geopolitical tensions as markets weigh inflation pressure and potential constraints on borrowing and economic growth. <\/p>\n
NEW YORK \u2014 Oil prices are easing on June 4, and stocks that have been\u00a0artificial intelligence\u00a0winners are giving back some of their big recent runs, leaving the U.S. market mixed.<\/p>\n
The decline in oil prices came after\u00a0Israel and Lebanon\u00a0said they had agreed to renew their fragile ceasefire and create a number of \u201cpilot\u201d security zones inside Lebanon from which Hezbollah militants would be banned.\n \t \t\t<\/p>\n
Also, lawmakers in the U.S. House for the first time June 3 approved a war powers resolution that would halt the\u00a0U.S. military action against Iran, defying\u00a0President Donald Trump\u00a0as a handful of Republicans joined with Democrats to try to end the three-month-long conflict that has reordered politics at home and abroad and roiled world markets.<\/p>\n
Crude had surged June 3<\/a> when both the United States and Iran said they launched\u00a0retaliations for earlier attacks or attempted ones.\n \t\t<\/p>\n Brent crude traded 2.6% lower June 4 at $95.18 per barrel.<\/p>\n Oil prices remain below their peaks from earlier in the war with Iran, and hope seems to be remaining on Wall Street that the United States and Iran will ultimately agree to reopen the\u00a0Strait of Hormuz\u00a0<\/a>to oil tankers. That would improve the global flow of crude and hopefully lower its price.<\/p>\n Yesterday, in a meaningless vote, the House voted, 4 bad Republicans and all of the Dumocrats, to limit my War Powers, right in the middle of my final negotiations to end the War with the Islamic Republic of Iran. Who would do such an unpatriotic thing. They know where the\u2026 pic.twitter.com\/QfITpX3dbN<\/a><\/p>\n \u2014 Commentary Donald J Trump Truth Social Posts On X (@TrumpTruthOnX) June 4, 2026<\/a><\/p>\n The S&P 500 fell 0.2% a day after\u00a0dropping from its all-time high\u00a0and coming just short of its longest winning streak in more than three decades. The Dow Jones Industrial Average was up 496 points, or 1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.8% lower.<\/p>\n More U.S. companies joined the list of those topping analysts\u2019 expectations for profit in the latest quarter, but many dropped nevertheless, particularly in the high-flying technology industry.<\/p>\n Broadcom sank 14.4%, even though both profit and revenue in the latest quarter topped analysts\u2019 expectations for the chip company. CEO Hock Tan said its AI semiconductor revenue more than doubled to $10.8 billion during the quarter and that demand is only getting bigger. He is forecasting AI semiconductor growth to top 200% in the current quarter.<\/p>\n Investors, though, may have been expecting even more after Broadcom\u2019s stock came into the day with a 38.5% surge for the year so far. That towered over the already strong 10.3% rise for the S&P 500 index, and Broadcom has grown to become Wall Street\u2019s sixth-biggest stock and one of its most influential.<\/p>\n Analysts have been saying AI stocks may have run too high and the broad U.S. stock market may be set for a slowdown following an unrelenting streak of\u00a0nine straight winning weeks\u00a0for the S&P 500, its longest since 2023.<\/p>\n Other AI winners likewise gave back some of their big gains. Marvell Technology sank 4.4% after soaring 47% through the start of the week. Micron Technology, the latest company to see its total value top $1 trillion because of AI euphoria, fell 6.2%.<\/p>\n CrowdStrike Holdings dropped 9.7% even though the cybersecurity company\u2019s profit and revenue for the latest quarter topped analysts\u2019 expectations. CEO George Kurtz said the latest quarter was when \u201cthe worlds of cybersecurity and frontier AI collided,\u201d and the company said it\u2019s splitting its stock to make its share price more affordable.<\/p>\n But its stock came into the day with a 59.5% surge for the year so far. And it beat forecasts for some financial measures by less than it usually does.<\/p>\n Outside of tech, PVH Corp., the company behind the Calvin Klein and Tommy Hilfiger brands, tumbled 29.2% even though it also beat Wall Street\u2019s first-quarter sales and profit targets. CEO Stefan Larsson warned that it\u2019s feeling \u201cthe prolonged effects of the Middle East conflict, which is putting pressure on\u201d customers in the region.<\/p>\n Brian Antonellis of Fleet Advantage discusses how fleet leaders should be thinking about capital planning with the 2027 NOx emissions rules on the horizon.\u00a0Tune in above or by going to RoadSigns.ttnews.com<\/a>.\u00a0\u00a0<\/p>\n In the bond market, Treasury yields eased with oil prices. The yield on the 10-year Treasury fell to 4.46% from 4.49% late June 3. That can lessen the pressure on not only stock prices but also the economy in general.<\/p>\n High yields\u00a0worldwide are threatening to slow economies and undercut prices for stocks and all kinds of other investments. They have already forced the average long-term U.S. mortgage rate to its\u00a0most expensive level in nine months, and they could curtail companies\u2019 borrowing to build the AI data centers that have\u00a0supported the U.S. economy\u2019s growth\u00a0recently.<\/p>\n In stock markets abroad, indexes were mixed in Europe following a weaker finish in Asia.<\/p>\n South Korea\u2019s Kospi fell 1.8%, Hong Kong\u2019s Hang Seng dropped 1.5% and Japan\u2019s Nikkei 225 fell 1.4% for some of the larger losses.<\/p>\n Business Writers Matt Ott and Elaine Kurtenbach contributed.<\/p>\n![\"RoadSigns\"](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/RoadSigns-generic.jpg\"\/)
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