US STOCKS-Wall St muted as AI zeal is held in check by Middle East tensions
Published on: June 3, 2026, 12:05 a.m. | Source: Devdiscourse
The Software & Services Index, battered in recent months over worries of AI disruption, was off 3.4%. Strong results from Hewlett Packard Enterprise and a funding commitment from Alphabet reinforced confidence in the AI buildout. There were 444 new highs and 118 new lows on the NYSE. On the Nasdaq, 2,266 stocks rose and 2,469 fell as declining issues outnumbered advancers by a 1.09-to-1 ratio.
