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ASX set to rise, Wall Street gets AI boost; The Bitcoin slide is accelerating

ASX set to rise, Wall Street gets AI boost; The Bitcoin slide is accelerating

By Stan Choe
Publication Date: 2026-06-02 19:15:00

Stan Choe

Updated ,published for the first time

The US stock market hit more records as winners of the artificial intelligence boom continued to rise.

The S&P 500 rose 0.1 percent after swinging between small gains and losses throughout the day. The Dow Jones Industrial Average gained 228 points, or 0.4 percent, and the Nasdaq Composite gained less than 0.1 percent. All three reached all-time highs.

AI-related stocks buoyed Wall Street on Tuesday. AP

The Australian stock market is set to rise, with futures at 6.27am AEST pointing to a gain of 25 points, or 0.3 per cent, at the open. The ASX fell lower on Tuesday. The Australian dollar traded at $71.81.

Hewlett Packard Enterprise was at the top of Wall Street, its shares rising 19.5 percent after the company reported a profit for its latest quarter that beat analysts’ expectations. It was credited to the demand of…

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