{"slug": "s-p-500-closes-at-record-high-for-sixth-consecutive-session", "title": "S&P 500 closes at record high for sixth consecutive session", "summary": "The S&P 500 closed at a record high for a sixth consecutive session and gained for a ninth straight day, marking its longest win streak in over a year. The Nasdaq 100 also posted its fourth consecutive closing high, while the Russell 2000 rose to just shy of records. Utilities led sector gains, while communications lagged due to Alphabet's largest one-day market cap loss on record.", "body_md": "# S&P 500 closes at record high for sixth consecutive session\n\nStocks continued their longest win streak in over a year while oil prices ticked up.\n\nThe S&P 500 closed at a record high for the sixth straight trading session and gained for the ninth straight session, while the Nasdaq 100 posted its fourth closing high in a row. The Russell 2000 also gained, closing just shy of records.\n\nUtilities was today’s best-performing sector while communications was the worst, dragged down by [Alphabet](https://robinhood.com/us/en/stocks/GOOG/?source=sherwood), which had its [largest one-day market cap loss ever](https://www.marketwatch.com/livecoverage/stock-market-today-dow-jones-s-p-500-nasdaq-ai-optimism-nvidia-new-pc-superchip/card/google-parent-alphabet-on-pace-to-post-its-biggest-one-day-market-cap-wipeout-on-record-kxGaS89dkmy7cnQMWCEI).\n\n**Moving higher:**\n\n[Marvell Technology](https://robinhood.com/us/en/stocks/MRVL/?source=sherwood)soared after Nvidia CEO Jensen Huang said it will be the “[next trillion-dollar company](https://sherwood.news/markets/nvidia-jensen-huang-says-marvell-will-be-the-next-trillion-dollar-company/?utm_source=robinhood).”Huang’s comments that demand for optics will continue to grow over the next 5 to 10 years lifted the entire optical networking sector, with\n\n[Lumentum](https://robinhood.com/us/en/stocks/LITE/?source=sherwood),[Applied Optoelectronics](https://robinhood.com/us/en/stocks/AAOI/?source=sherwood), and[Coherent](https://robinhood.com/us/en/stocks/COHR/?source=sherwood)all[rising](https://sherwood.news/markets/nvidia-jensen-huang-says-marvell-will-be-the-next-trillion-dollar-company/).[Broadcom](https://robinhood.com/us/en/stocks/AVGO/?source=sherwood)climbed after[Alphabet](https://robinhood.com/us/en/stocks/GOOG/?source=sherwood)[announced an $80 billion equity raise](https://sherwood.news/markets/alphabets-80-billion-equity-raise-is-a-signal-that-the-ai-party-can-continue/?utm_source=robinhood), signaling continued massive AI infrastructure spending.[HP Enterprise](https://robinhood.com/us/en/stocks/HPE/?source=sherwood)skyrocketed after reporting[strong Q2 earnings and a full-year guidance boost](https://sherwood.news/markets/hp-enterprise-skyrockets-on-strong-q2-earnings-and-full-year-guidance-boost/?utm_source=robinhood)after the bell yesterday.[Victoria’s Secret](https://robinhood.com/us/en/stocks/VSXY/?source=sherwood)jumped after posting[surging sales and raising its full-year outlook](https://sherwood.news/markets/victorias-secret-jumps-after-posting-surging-sales-and-raising-full-year-outlook/?utm_source=robinhood).[Tencent](https://robinhood.com/us/en/stocks/TCEHY/?source=sherwood)gained on a Financial Times report that it will[launch an embedded AI agent in WeChat](https://www.ft.com/content/0030504e-6f65-445c-9379-7b75924051c6?syn-25a6b1a6=1), China’s most used app.[Bloom Energy](https://robinhood.com/us/en/stocks/BE/?source=sherwood)continued its retail investor-driven run-up after its CEO said the company has[no plans to issue more shares](https://www.bloomberg.com/news/articles/2026-06-01/bloom-ceo-has-no-plans-to-sell-shares-after-ai-investor-run-up).[Ethena](https://robinhood.com/us/en/crypto/ENA/?source=sherwood)spiked after Coinbase Ventures posted about making[an open market purchase of ENA](https://x.com/cbventures/status/2061847987610112039?s=46).\n\n### Moving lower:\n\n[Bitcoin](https://robinhood.com/us/en/crypto/BTC/?source=sherwood)fell below $68,000 as bitcoin ETFs hit a[record losing streak](https://sherwood.news/crypto/bitcoin-falls-below-68-000-as-bitcoin-etfs-hit-record-losing-streak/)and[Strategy’s](https://robinhood.com/us/en/stocks/MSTR/?source=sherwood)[bitcoin sale](https://sherwood.news/crypto/strategy-sinks-after-revealing-it-has-sold-bitcoin-for-the-first-time-ever/)dampened sentiment.[Solana](https://robinhood.com/us/en/crypto/SOL/?source=sherwood)fell to a[more than three-month low](https://sherwood.news/crypto/solana-falls-to-a-more-than-3-month-low/).[Intuit](https://robinhood.com/us/en/stocks/INTU/?source=sherwood)fell after Goldman Sachs downgraded it to “sell” from “neutral” and cut its price target almost in half.[Dollar General](https://robinhood.com/us/en/stocks/DG/?source=sherwood)dipped despite beating estimates in its Q1 earnings per share and[raising its full-year outlook](https://sherwood.news/markets/dollar-general-jumps-as-q1-eps-beats-estimates-outlook-raised/); it did slightly miss on revenue.", "url": "https://wpnews.pro/news/s-p-500-closes-at-record-high-for-sixth-consecutive-session", "canonical_source": "https://sherwood.news/markets/market-wrap-2026-06-02-sp500-qqq/", "published_at": "2026-06-02 20:01:58+00:00", "updated_at": "2026-06-02 20:49:56.130638+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure"], "entities": ["S&P 500", "Nasdaq 100", "Russell 2000", "Alphabet", "Marvell Technology", "Nvidia", "Jensen Huang", "Lumentum"], "alternates": {"html": "https://wpnews.pro/news/s-p-500-closes-at-record-high-for-sixth-consecutive-session", "markdown": "https://wpnews.pro/news/s-p-500-closes-at-record-high-for-sixth-consecutive-session.md", "text": "https://wpnews.pro/news/s-p-500-closes-at-record-high-for-sixth-consecutive-session.txt", "jsonld": "https://wpnews.pro/news/s-p-500-closes-at-record-high-for-sixth-consecutive-session.jsonld"}}