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Here's your closing bell brief for Wednesday, June 3rd.

I'm Danny Lewis for the Wall Street Journal.

U.S. stocks traded lower today following the latest clashes in the Middle East,

breaking a five-session-long winning streak. The Dow dropped 1.2 percent, the NASDAQ lost 0.9

percent, and the S&P 500 fell almost three-quarters of a percent.

The Gulf Kingdom of Kuwait came under a barrage of ballistic missiles and drones today,

as Iran launched its largest salvo of the near two-month ceasefire, a day after U.S. Central

Command said that the tenuous truce was ongoing.

Brent crude futures ticked up to nearly $98 a barrel, as markets gradually lose their optimism that a deal to end the war will materialize quickly.

Meanwhile, Treasury yields rose after a report by payroll firm ADP showed solid private hiring,

raising expectations that the Federal Reserve might hike interest rates.

Among individual companies, shares in Marvell technology gained

more than 3.7% a day after NVIDIA CEO Jensen Huang said the semiconductor company could become

the next trillion dollar stock. Intel shares also gained 4.4%. U.S. traded shares of Universal Music

dropped 7.5. That's after reports

indicated that Bill Ackman's Pershing Square is looking to sell its stake in the music giant. GameStop

reported a higher first quarter profit and announced a $2 billion stock buyback program. That sparked a rally

...