The stock market closed higher on Thursday as investors remained optimistic about AI growth opportunities and looked past renewed tensions between the United States and Iran.
Meanwhile, initial jobless claims fell to 215,000, slightly below expectations, signaling continued strength in the labor market.
Overall, S&P 500 rose 0.8% to 7,544, while Nasdaq jumped 1.3% to 26,207.
Chart of the Day
Here is the one-year chart of S&P Global (SPGI) as of June 3, 2026, when the stock was at $412.
AI disruption concerns have weighed on S&P Global (SPGI), with the stock falling from $546 to $412 during our last three quarterly reports. However, in last quarter’s earnings call, management noted AI-related customers are driving significantly stronger Annual Contract Revenue (ACV) than non-AI customers.
SPGI is deploying AI native solutions and tools like ChatAI by S&P Global, an AI assistant that reads supply reports, price forecasts, & market news, then delivers answers.
S&P’s Market Intelligence growth is 30% higher with its AI customers, while Energy growth is twice as fast among non-AI customers. Also, AI uses data while S&P Global provides data. “Free” data only goes so far.
With the recent pullback, SPGI now appears to be a good value with solid upside. At $412, the stock trades at a P/E of 21. My Fair Value P/E is 28, implying a potential upside to $549 per share in 2026, roughly 33% above the recent quote.
SPGI is part of the Conservative Growth Portfolio.
