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How AI Earnings Lifted IBM 7.85% and Crude Oil Surged Above $90 — Market Wrap Jun 1, 2026
Today's AI insights from 7horns.ai highlight a strong start to June with AI-related stocks leading gains. IBM surged 7.85% in pre-market trading, extending its 13% rally from Friday, while Dell and Microsoft also gained 2.07% and over 3% respectively. The broader market showed modest strength with S&P 500 and Nasdaq futures slightly higher, supported by positive momentum from Asian markets hitting record highs. Meanwhile, crude oil futures jumped nearly 4%, breaking above $90 a barrel, potentially pressuring transportation and consumer sectors. Gold retreated 1.48%, reflecting diminished…
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