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As of May 29, 2026
For informational purposes only.
Today · May 29
Jun 2
Jun 3
It probably feels like the market is celebrating without you: the big indexes are at fresh records again, but a lot of “normal” stocks were red. That’s actually the story of the day — an AI-fueled, high‑risk party at the top while the rest of the market mostly sits it out.
The S&P 500 and Nasdaq inched up around a quarter of a percent, and the Dow jumped more, topping 51,000. But under the hood, only about 40% of stocks were up and the average stock was basically flat. So the indexes rose because a handful of heavyweights did the lifting.
That lift came from tech — again, and loudly. The tech sector gained more than 2%, miles ahead of everything else. Dell surged over 30% on blowout AI‑server demand. Microsoft, Micron, and Broadcom also ripped higher, all riding the same “we sell the picks and shovels for AI” story.
At the same time, classic “safety” areas like consumer staples, utilities, and real estate fell, and energy dropped too. Small caps were down on the day even as the big indexes hit highs. High‑beta (riskier) stocks outperformed by a lot, while low‑volatility names lagged.
Add to that: the VIX, Wall Street’s fear gauge, is low and drifting down, yet single stocks are swinging hard — exactly the “calm index, crazy underneath” setup options traders are talking about.
Two big supports: AI and easing war fears.