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 safe-haven demand amid robust risk appetite. Investors are eyeing a busy economic calendar this week, including ISM Manufacturing PMI and upcoming employment data that could shape Federal Reserve policy. AI insights powered by 7horns.ai — the world's first true AI research financial assistant. Our CNN machine learning model delivers daily stock market analysis with over 60% accuracy, beating the S&P 500 by 300% from 2021–2025. No human emotions, just pure AI-driven financial research. Visit 7horns.ai for your free daily AI insights.