Dow, Small Caps Steal the Show Despite Tech Weakness

The Russell 2000 logged a record close today

Patrick Martin

Managing Editor

Jun 4, 2026 at 4:26 PM

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SPX
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DJI

Stocks bounced back in dramatic fashion today, as falling bond yields overshadowed a rotation out of tech. The Dow added 874 points for a record close and its best single-session pop since April 8. The S&P 500 and Nasdaq both erased sharp deficits from the morning, though the tech-heavy latter ultimately closed in the red amid a post-earnings selloff from Broadcom (AVGO). Small caps were an underrated winner today, with the Russell 2000 Index (RUT) nabbing a record close.

Continue reading for more on today's market, including:

Put traders are targeting this outperforming ETF.
Oracle earnings: what you need to know.
Plus, UNH upgraded; Ciena takes a breather; and more on the crypto winter.

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5 Things to Know Today

Blackstone has reignited the private credit panic. (CNBC)
The House of Representatives could help end the U.S-Iran war. (Reuters)
Upgrade has UnitedHealth stock back on track.
Software stock cooling off after earnings
Bitcoin busted: how Coinbase, Strategy are affected.

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Oil Pivots Lower as Bullion Rises

Oil prices took a much-needed breather, after a Wall Street Journal report indicated President Donald Trump is hesitant to restart hostilities against Iran. July-dated West Texas Intermediate (WTI) shed 3.1% to settle at $93.04 a barrel.

Gold prices gained today, as the U.S. dollar fell and bond yields pulled back. June-dated gold futures added 0.9% to $4,508 per ounce.

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