By Sarah Chen | June 1, 2026
Wall Street kicked off June with a broad rally on Monday, as gains in technology stocks and growing optimism over a potential US-Iran ceasefire pushed major indices higher. The S&P 500 rose 0.7%, the Dow added 210 points, and the Nasdaq Composite gained 1.1%.
Tech stocks led the charge. Nvidia climbed 2.3%, extending its year-to-date gains. Apple added 1.5% ahead of its Worldwide Developers Conference later this month. Microsoft rose 1.2%. The Philadelphia Semiconductor Index gained 1.6%, recovering smoothly from last week’s rotation-driven dip.
The positive catalyst was diplomatic. Reports emerged that US and Iranian negotiators had made significant progress toward a ceasefire agreement in ongoing talks mediated by Oman. Oil prices pulled back 1.5% on the news, with WTI crude settling at $94.20 — welcome relief after the previous week’s surge toward $100.
Treasury yields edged up slightly, with the 10-year at 4.22%, as risk appetite returned. The VIX dipped below 14, signaling calm after the volatility spikes of late May.
Trading volumes were 12% above the 20-day average, suggesting institutional participation in the rally rather than just retail flow.
