# S&P 500 closes at record high for sixth consecutive session > Source: > Published: 2026-06-02 20:01:58+00:00 # S&P 500 closes at record high for sixth consecutive session Stocks continued their longest win streak in over a year while oil prices ticked up. The 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. Utilities 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). **Moving higher:** [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 [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). ### Moving lower: [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.