June 3rd 2025

U.S. stocks climbed across the board Tuesday, with the S&P 500 up 0.58%, Nasdaq up 0.81%, Dow up 0.51%, and the Russell 2000 leading with a 1.48% gain. Markets responded positively to dovish bond yields, a tariff pause extension on Chinese goods, and broad-based strength in tech and small caps.

Sectors in focus:

• Technology led the charge, boosted by continued AI enthusiasm and gains in semiconductors.
• Energy underperformed despite rising oil prices, suggesting a rotation toward growth sectors.

Top movers:

• Nvidia (NVDA) rose 2.8% on strong momentum,
• Robinhood (HOOD) rallied 5.5% as retail flows stayed elevated,
• Algonquin Power (AQN) jumped over 16% on volume and yield appeal.
   Meanwhile,
• Pony.ai (PONY) sank nearly 21% with no clear catalyst,
• Regencell (RGC) and Sable Offshore (SOC) both posted double-digit losses.

In the options market, bullish sentiment prevailed with heavy activity in SPY, QQQ, and NVDA near-week expirations. The VIX dropped to 17.81, suggesting lighter hedging demand.

In crypto, Bitcoin rallied to over $106,000, and Ethereum jumped to $2,625. DeFi assets like stETH and WETH also posted solid gains, lifted by broader risk-on sentiment and a softening dollar.

Looking ahead, traders are eyeing ADP employment, ISM services, and comments from Fed officials, alongside key earnings from Dollar Tree and Broadcom.