Wall Street Edges Up Amid Tech Gains and U.S.-Iran Tensions

Wall Street saw moderate gains as tech shares rose due to Nvidia's AI chip launch, despite continued U.S.-Iran tensions. The Nasdaq and S&P 500 reached new highs. In contrast, Iranian negotiations halted, escalating geopolitical concerns and crude prices. Economic reports indicated factory growth and upcoming Federal Reserve policy changes.

Devdiscourse News Desk | * Nvidia Gains On Unveiling New Chip To Bring Ai To Laptops * Micron Shares Top $1 | Updated: 02-06-2026 01:31 IST | Created: 02-06-2026 01:31 IST

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Wall Street experienced moderate gains on Monday, driven by developments in technology and ongoing U.S.-Iran negotiations. Tech shares, buoyed by Nvidia's new AI chip unveiling, pushed the Nasdaq and S&P 500 to fresh record highs.

Despite President Trump's assurance of continued talks, Iran has suspended indirect negotiations, leading to escalated tensions and rising crude prices. Concerns loom over potential inflationary pressures due to the prolonged conflict.

Economic data highlighted factory expansion in May, marking a fifth month of growth. Investors' focus is shifting to the upcoming jobs report and the Federal Reserve's policy meeting amid inflation fears linked to the Iran conflict.

(With inputs from agencies.)