US equity indices slumped on Tuesday amid a selloff in the heavyweight tech sector. The Nasdaq 100 slid 3%, the S&P 500 dropped 1.5%, and the Dow lost 0.5%. AI stocks tanked on increasing skepticism that spending by hyperscalers will not meet returns. Nvidia and Tesla lost 4%. On the same note, SpaceX plunged 16% as it issued bonds only one week after its IPO, adding to fears of colossal capital expenditure. Chip stocks slipped as SK Hynix slowed production of advanced AI chips to boost commodity DRAM capacity, also aligned with concerns that AI datacenter speculation does not match fundamentals. Micron tanked 11% ahead of its earnings tomorrow and Sandisk lost over 12%. Treasury yields remained elevated despite the decline in energy prices following the hawkish dot plot last week, limiting any respite for traditional sectors of the economy. Finance was pressured as Apollo once again capped private equity withdrawals.
The main stock market index of United States, the US500, fell to 7388 points on June 23, 2026, losing 1.14% from the previous session. Over the past month, the index has declined 1.75%, though it remains 21.26% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. Historically, the United States Stock Market Index reached an all time high of 7620.90 in June of 2026. United States Stock Market Index - data, forecasts, historical chart - was last updated on June 23 of 2026.
The main stock market index of United States, the US500, fell to 7388 points on June 23, 2026, losing 1.14% from the previous session. Over the past month, the index has declined 1.75%, though it remains 21.26% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. The United States Stock Market Index is expected to trade at 7483.41 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6901.28 in 12 months time.