Markets

Market Pulse

Post-Close Edition · Monday, June 1, 2026

Nasdaq 100 up 0.60% as tech and oil surge while defensives get dumped Bitcoin drops 3.38% to $71,051 even as equities rally — selective risk appetite, not broad.


The Daily Digest

  1. 01Tech up, small caps down, oil surges, crypto slides — a session of sharp divergence.
  2. 02Nasdaq 100 up 0.60% as tech leads the tape while the rest of the market drifts
  3. 03Technology sector jumps 2.48%, the clear driver of today's equity gains
  4. 04Energy sector adds 1.79% as crude oil surges nearly 5% on supply concerns
  5. 05Russell 2000 down 0.50% — small caps lag as risk appetite stays selective
  6. 06Utilities drop 2.97% and Healthcare falls 1.09% as rotation out of defensives accelerates
  7. 07Crude oil (USO) up 4.97% — the session's biggest commodity move
  8. 08Gold (GLD) falls 1.40% as the safe-haven bid fades alongside risk-on equity flows
  9. 09Bitcoin slides 3.38% to $71,051, breaking back below $72k with broad crypto weakness
  10. 10XRP drops 2.72% to $1.29 as altcoins take the harder hit
  11. 11Treasuries soften slightly — TLT down 0.34%, yields edging higher across the curve
  12. 12Dollar flat (DXY unchanged at 99.06) as FX sits out the session's action
  13. 13Fear & Greed Index sits at 59 (Greed) — sentiment firm but not stretched

Top Movers

Gainers

OILCrude Oil+4.97%
XLKTechnology+2.48%
XLEEnergy+1.79%
NDXNasdaq 100+0.60%
GBP/USDGBP/USD+0.28%

Losers

BTCBitcoin-3.38%
NATGASNatural Gas-3.27%
XLUUtilities-2.97%
XRPXRP-2.72%
ADACardano-1.80%

What If?

If you had put $1,000 into Crude Oil yesterday, you'd have $1,049.70 today.


The Big Picture

Tech and energy pulled the market in opposite directions today — and both won. The Nasdaq 100 gained 0.60% as technology surged 2.48%, while crude oil spiked nearly 5% on supply concerns, dragging energy stocks up 1.79% with it. The S&P 500 edged up 0.27%, but the gains were narrow — this was a large-cap, growth-driven session. The rotation story was just as loud. Utilities dropped 2.97%, healthcare fell 1.09%, and the Russell 2000 — small companies — slid 0.50%. Money moved toward high-growth and commodity plays and away from the defensive corners of the market. Gold fell 1.40% as the safe-haven bid faded. Treasuries softened slightly, with yields edging higher. Crypto didn't get the memo on risk-on. Bitcoin slid 3.38% to $71,051, breaking back below $72k, with XRP and Solana also lower. When crypto sells off while equities rally, it usually signals the risk appetite is selective — not broad. That divergence is worth watching. This is not financial advice. Acid Capitalist is a financial news and commentary site — not a registered financial adviser. Always do your own research.

Fear & Greed Index

59Greed
0255075100

Market Overview

Indices
Dow Jones511.44+0.13%
S&P 500758.54+0.27%
Nasdaq 100742.74+0.60%
Russell 2000288.98-0.50%
Crypto
Bitcoin71,051.00-3.38%
Cardano0.23-1.80%
Ethereum1,992.84-0.57%
XRP1.29-2.72%
Solana80.71-1.40%
Commodities
Gold411.26-1.40%
Natural Gas11.54-3.27%
Silver67.67-0.97%
Crude Oil135.50+4.97%
Bonds & Rates
20Y Treasury85.47%-0.34%
1-3Y Treasury82.01%-0.35%
Short 20Y35.75%-0.06%
Forex
EUR/USD1.16+0.02%
USD/JPY159.49+0.14%
GBP/USD1.35+0.28%
Dollar Index99.060.00%
Sectors
Technology195.76+2.48%
Energy57.30+1.79%
Healthcare147.84-1.09%
Utilities43.10-2.97%
Financials51.43-0.29%
Volatility
VIX23.85+2.40%