By Stan Choe
Publication Date: 2026-06-04 19:16:00
Stan Choe
Most U.S. stocks are rising as oil prices weaken, but declines in influential artificial intelligence winners are keeping Wall Street in check.
The S&P 500 gained 0.4 percent daily after falling from its all-time high and narrowly missing its longest winning streak in three decades. The Dow Jones rose 812 points, or 1.6 percent, in afternoon trading and the Nasdaq Composite was 0.1 percent higher. The Australian stock market is set to rise, with futures at 4.53am AEST pointing to a gain of 32 points, or 0.4 per cent, at the open. The ASX fell 1.1 per cent on Thursday.
A clear majority of stocks on Wall Street rose, including two out of three in the S&P 500. They were boosted by a 3.5 percent drop in Brent crude oil prices to $94.43 per…