June 3, 2026
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7:59Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alexis Christoforous, and Isabelle Lee.
A renewed advance in oil sent stocks lower as bond yields rose on concern that an escalation of hostilities between the US and Iran will hinder prospects for a peace deal, with elevated energy costs fueling inflation risks.
As equities fell from a record, the S&P 500 snapped a nine-day winning run. An ETF tracking software firms slid 4.3%. US crude settled near $96. Higher oil prices and signs of labor-market strength fueled losses in Treasuries amid bets the Federal Reserve’s next rate move will be a hike. Bitcoin sank. In late hours, Broadcom Inc.’s outlook failed to inspire investors.
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