S&P 500 closes at record high for sixth consecutive session

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.

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.