The Dow leaps to a record as oil prices ease and US stocks outside of AI rally
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June 4, 2026 10:25 AM
NEW YORK (AP) — Wall Street rallied Thursday after falling oil prices and yields in the bond market eased the pressure on U.S. stocks. Banks, small companies and other stocks that had earlier been left behind by the euphoria around artificial-intelligence technology led the way.
The S&P 500 rose 0.4% for its 10th gain in the last 11 days, a day after dropping from its all-time high. The Dow Jones Industrial Average soared 874 points, or 1.7%, to a record, and the Nasdaq composite slipped 0.1%.
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