FILE PHOTO: The Wall street sign hangs outside the New York Stock Exchange (NYSE) building on Tuesday following Monday?s broad sell off in New York City, U.S., March 11, 2025. REUTERS/Shannon Stapleton/File Photo
01 Jun 2026 11:16PM
(Updated: 02 Jun 2026 06:54AM)
NEW YORK: Global stocks clung to record highs on Monday (Jun 1) as strong corporate results, fueled in part by artificial intelligence optimism, outweighed investor concerns over escalating US-Iran tensions that have pushed oil prices higher.The United States said it struck Iranian military sites during the weekend, and Iran's Revolutionary Guards said on Monday it had targeted a US base in response. Iranian news agency Tasnim said Iran is halting indirect negotiations with the United States after Israel ordered troops to push deeper into Lebanon to battle Iranian-backed Hezbollah.The fresh hostilities could complicate diplomatic efforts to end the three-month-old war.On Wall Street, stocks eked out gains to finish near record highs after trading flat early in the session as energy and technology stocks took the front seat, while utilities and consumer discretionary led losers.The Dow Jones Industrial Average rose 0.09 per cent, the S&P 500 added 0.26 per cent, and the Nasdaq Composite gained 0.42 per cent.
