U.S. Stocks Pull Back as Oil Prices Weigh, Fed Concerns Simmer
NEW YORK, June 3, 2026, 4:03 p.m. EDT
Dow Drops 582 Points as Oil Trades Near $100
Dow Jones dropped 581.84 points, or 1.13%, ending after hours at 50,725.95 on Wednesday, early figures showed. Wall Street pulled back from earlier highs as worries about the Middle East came up again. The S&P 500 lost 0.74% to 7,555.67. Nasdaq Composite fell 0.85% to 26,862.93, with tech and financial names weaker, though chips held up. Ross Mayfield at Baird said AI stocks are “trading on their own completely separate world.” Bill Northey of U.S. Bank Wealth Management tied inflation wagers to how long the Strait of Hormuz remains closed.
Oklo Stock Is Getting Hit. The Insider-Sale Filing Traders Are Watching
Oklo Inc. shares slid sharply on Wednesday, putting the advanced nuclear developer among the day’s weaker clean-power names after a filing showed planned share sales tied to co-founder and CEO Jacob DeWitte and related entities. The stock traded at $65.89 at 2:49 p.m. EDT, down about 10.3% from the previous close, after moving between $64.11 and $74.12 during the session.
Apple Shares Slip Ahead of Key AI Event
Apple shares slipped Wednesday as traders took profits ahead of next week’s Worldwide Developers Conference, where the company is expected to focus on artificial intelligence. The stock dropped 1.8% to $309.67 in afternoon trading, after earlier reaching a session high of $316.87 and a low of $308.87.
Grab Shares Slide After Q1 Beat, Investors Eye Market Headwinds
Grab Holdings shares dropped sharply on Wednesday in busy trading on the Nasdaq, hitting session lows as growth and consumer-internet stocks sold off in a wider market slump.
Applied Aerospace Stock Falls Below IPO Price After $650 Million Debut — The First-Day Signal Traders Can’t Ignore
Applied Aerospace & Defense Inc. shares slipped below their initial public offering price in afternoon trading on Wednesday, cooling an early pop in the space and defense supplier’s New York Stock Exchange debut.
AT&T Shares Drop After SpaceX Starlink News Hits Wall Street
AT&T shares dropped Wednesday after Oppenheimer downgraded the stock. The brokerage said SpaceX’s Starlink satellite broadband could turn into a bigger risk for AT&T’s internet and wireless business than the market is pricing in.
Tesla gets its robotaxi move, but traders pause
Tesla shares fell Wednesday afternoon after the company announced it is launching unsupervised robotaxis across the Austin Metro area. The move puts new attention on Wall Street’s expectations for profits from Tesla’s self-driving push. Tesla’s official robotaxi account posted, “Unsupervised Robotaxi now in the entire Austin Metro area.”
Amazon Shares Fall as Prime Day Change Raises Investor Questions
Amazon.com shares dropped 3.2% to $248.42 on Wednesday afternoon, trading lower with the market under pressure. The stock set an intraday low at $247.72. Investors are watching Amazon’s next big sales test with its June Prime Day. The SPDR S&P 500 ETF Trust was off 0.6%.
ServiceNow Drops as AI Software Stocks Lose Steam
ServiceNow fell about 6% Wednesday midday, giving up ground as other software stocks also dropped. Shares had bounced back quickly lately, with the workflow software group seen as one of Wall Street's more straightforward AI plays for corporates.
Applebee’s to shut Calexico restaurant after two decades as challenges mount
Applebee’s is shutting down its Calexico, California, location this month, ending a run of more than 20 years. The closure leaves another gap in the local retail scene, following the shutdown of the city’s only movie theater. About 30 workers are affected, KYMA said.
Cipher Digital Shares Fall as Street Leans Into AI Strategy
Cipher Digital Inc. fell 1.1% to $26.00 on Wednesday despite an early jump and a new price target from Morgan Stanley. The stock had climbed as high as $28.56 in heavy Nasdaq volume, topping 19 million shares.
Intuitive Machines Drops on $500 Million Share Sale Announcement
Intuitive Machines shares tumbled 15.6% around midday Wednesday. The drop came after the lunar-technology company said it could sell up to $500 million in Class A stock. That move put more pressure on one of the more active space names this year. The stock, which trades on the Nasdaq, was at $33.41 and had hit $33.28 earlier in the day, with volume topping 10.7 million shares.
Aurora Stock’s 11% Slide Puts Its Driverless-Truck Rally on the Spot
Aurora Innovation shares fell about 11% in midday trading on Wednesday, handing back part of a sharp 2026 rally as investors tested how much credit to give the company’s driverless-truck rollout before revenue scales. The Nasdaq-listed stock was quoted at $6.845, down 11.33%, while still up 80.86% since Jan. 1.
Semilux Shares Leap 51% With Nasdaq Delisting Risk Unchanged
Semilux International Ltd. shares surged 51.5% to $0.4302 in Nasdaq midday trading Wednesday. Volume crossed 167 million shares, with the stock trading between $0.297 and $0.6486. That put the Taiwan optical and LiDAR firm’s market cap at roughly $17.4 million.
Global Payments Dives on Analyst Downgrade—Wall Street Split on Outlook
Global Payments shares dropped roughly 9% Wednesday afternoon after an analyst slashed growth estimates for the company. The stock was last trading at $67.37, off its session low of $63.81, with about 6.2 million shares changing hands.
Mastercard Tumbles Again; June 3 New York Update
Mastercard Inc. shares dropped again Wednesday with the stock off 2.4% at $466.41 by 11:54 a.m. EDT after hitting a low of $464.52, as the company announced new executive changes and another step into stablecoin settlement. The S&P 500 ETF SPY was down 0.6%. Visa was down 2.0% and American Express slipped 2.6%.
Wellchange Stock Pops as WCT Sees Interest With Nasdaq Swings
Wellchange Holdings Co Ltd traded sharply higher Wednesday, jumping more than 100% to $2.63 in late morning on Nasdaq after opening at $1.60. The Hong Kong-based software company’s shares swung between $1.30 and a session high of $3.52. Volume was nearly 69.5 million shares.
Alphabet Stock Is Slipping After a Huge AI Cash Call. Here’s What Traders Are Watching
Alphabet’s Class A shares slipped in late-morning trade on Wednesday after the Google parent upsized and priced an $84.75 billion equity raise to fund its artificial-intelligence infrastructure buildout. GOOGL was down 0.8% at $359.04, while non-voting GOOG shares fell 0.9% to $355.32.
Rivian Rises Ahead of R2 Launch on AT&T 5G Network Deal
Rivian Automotive shares rose Wednesday. Investors focused on new R2 SUV updates, including a 5G deal with AT&T and the upcoming June 9 order launch, even as the wider market lagged.
