NEW YORK, June 1 (Xinhua) -- U.S. stocks ended higher and key indexes refreshed new record highs on Monday, fueled by a product announcement from Nvidia.
The Dow Jones Industrial Average rose 0.09 percent to 51,078.88. The S&P 500 added 0.26 percent to 7,599.96. The Nasdaq Composite Index increased by 0.42 percent to 27,086.81.
Nine of the 11 primary S&P 500 sectors ended in the red, with utilities and consumer discretionary leading the laggards by losing 3.05 percent and 2.62 percent, respectively. Meanwhile, technology and energy led the gainers by adding 2.48 percent and 1.86 percent, respectively.
The session's momentum was driven by semiconductor giant Nvidia, whose shares jumped more than 6 percent after Nvidia CEO Jensen Huang officially unveiled "RTX Spark," an Arm-based consumer superchip engineered to power local agentic artificial intelligence (AI) applications directly on personal computers.
The announcement triggered significant structural movements across the hardware ecosystem. Dell Technologies and HP, both confirmed as primary launch partners for upcoming Windows-based AI laptops alongside Microsoft's newly teased Surface Laptop Ultra, surged 10.7 percent and 8.51 percent, respectively. Conversely, legacy processor giant Intel saw its shares slide over 4 percent.
Global oil prices initially spiked on continued geopolitical uncertainty, with West Texas Intermediate crude for July delivery advancing 5.49 percent to settle at 92.16 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery followed suit, climbing 4.24 percent to finish at 94.98 dollars a barrel on the London ICE Futures Exchange.
However, the energy benchmarks trimmed even larger intraday gains after U.S. President Donald Trump clarified via social media that a productive call had taken place with Israeli Prime Minister Benjamin Netanyahu, confirming that no military deployment to Beirut was under consideration.
For this week, investor focus has rapidly turned toward Friday's upcoming nonfarm payrolls report. Wall Street analysts expect the comprehensive employment update to provide critical clarity on current labor market tightness and heavily influence whether the central bank will maintain its current interest rate trajectory through the upcoming summer policy meetings.
