NEWSIO · ECONOMIC NEWS

EN zh-TW

newsio aggregates and links to original sources. We do not own the original images or content. If you believe content infringes on intellectual property rights, contact us — it will be removed at first notice.

business / news / 2026-06-02 / NDTV Profit

The S&P 500 broke its eight-day long rally to open 0.18% lower at 7,586.44.

The S&P 500's eight-day rally ended as the index opened 0.18% lower.

KEY POINTS

Dow Jones briefly hit a record 51,195.59 despite opening over 200 points lower.
Alphabet Inc. shares dropped 5% after announcing an $80 billion equity fundraise.
Alphabet will use the $80 billion from equity offerings to expand its AI initiatives.

The main Wall Street indices retreated from record highs to open in the red on Tuesday as traders awaited clarity to emergy on the US-Iran truce talk front. The S&P 500 broke its eight-day long rally to open 0.18% lower at 7,586.44, Dow Jones Industrial Average slumped over 200 points or 0.44% to open at 50,853.99 levels, while Nasdaq Composite's AI-fuelled rally cooled off with the index opening 0.27% lower at 27,014.03. However, Dow touched a fresh record after jumping over 100 points or 0.25% to 51,195.59. Shares of Google-parent Alphabet Inc. slipped 5% to $359.25 after the company announced a $80 billion fundraise through equity offerings, which will be infused in its artificial intelligence buildout. (This is a developing story)

COMPANIES

Read the full story on NDTV Profit → →

Share X LinkedIn

Summarized by Newsio from NDTV Profit. How we summarize →

China's wholesale prices rose at the fastest pace in nearly four years in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.