US stock market today (June 1, 2026): S&P 500 hovers near record as Nvidia gains offset oil price worries

Indian markets shrugged off rising oil prices due to US-Iran tensions, as tech giants like Nvidia propelled stocks near record highs. Strong corporate earnings, particularly from Science Applications International Corp., also bolstered investor confidence. Despite concerns about market concentration, the tech surge continues to drive Wall Street’s optimism.