US stocks trim their losses for June

U.S. stocks reduced their June losses with the S&P 500 up 0.6% and the Nasdaq rising 1.2%, driven by a rebound in AI stocks like Nvidia. However, the S&P 500 is still on track for its first monthly decline in three months, with Oracle dropping nearly 36% for June. A resilient job market report contrasted with weaker-than-expected consumer confidence data.