US Stocks Extend Rebound on Thursday

2026-06-11 17:05 By Andre Joaquim 1 min. read

US stocks rebounded from one-month lows on Thursday as gains for chip producers offset risks of higher interest rates.

The Nasdaq 100 gained 0.8%, the Dow added 0.5%, and the S&P 500 rose 0.3%.

AI infrastructure stocks continued to carry the momentum ahead of the SpaceX IPO tomorrow.

Retail investors submitted more than $100 billion for the event, due to be the largest in history, as AI companies raise cash for data center expenditure.

Micron and AMD added more than 3%, while Lam Research and Applied Materials surged over 8%.

Intel jumped 9% after being upgraded by BofA on soaring CPU orders.

On the other hand, Oracle slumped 12% as it will take in more debt to finance data centers despite flat sales.

Defensive stocks were higher after President Trump stated strikes will against Iran will resume and the US plans to capture Kharg Island "at some point".

Simultaneously, a new PPI print pointed to accelerating prices in May, consolidating bets that the Fed will raise rates this year.



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US Stocks Extend Rebound on Thursday
US stocks rebounded from one-month lows on Thursday as gains for chip producers offset risks of higher interest rates. The Nasdaq 100 gained 0.8%, the Dow added 0.5%, and the S&P 500 rose 0.3%. AI infrastructure stocks continued to carry the momentum ahead of the SpaceX IPO tomorrow. Retail investors submitted more than $100 billion for the event, due to be the largest in history, as AI companies raise cash for data center expenditure. Micron and AMD added more than 3%, while Lam Research and Applied Materials surged over 8%. Intel jumped 9% after being upgraded by BofA on soaring CPU orders. On the other hand, Oracle slumped 12% as it will take in more debt to finance data centers despite flat sales. Defensive stocks were higher after President Trump stated strikes will against Iran will resume and the US plans to capture Kharg Island "at some point". Simultaneously, a new PPI print pointed to accelerating prices in May, consolidating bets that the Fed will raise rates this year.
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The Dow Jones Index Opens 0.46% Higher
The Dow Jones Index is up by 230 points or 0.46 percent on Thursday. Top gainers are Caterpillar (1.84%), Honeywell International (1.81%) and Verizon (1.62%). Biggest losses came from Salesforce (-2.35%), Microsoft (-1.84%) and Cisco Systems (-1.00%).
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US Stocks Rebound from 1-Month Low
US equity indices slightly rebounded from one-month lows on Thursday with support from the tech sector, offsetting risks of higher interest rates. The S&P 500, Dow, and Nasdaq rose up to 0.5%. US President Trump stated that the US will resume strikes against Iran tonight and capture the Iranian energy hub of Kharg Island "at some point", reversing de-escalatory remarks yesterday. Simultaneously, a new PPI print pointed to accelerating prices in May, consolidating the impact of the war in price growth and aligning with recent bets that the Fed will raise rates this year. Still, AI infrastructure companies carried their strong momentum as the SpaceX IPO tomorrow underscores how hyperscalers are spending in compute capacity. Nvidia gained 1%. Also, Intel jumped 9% after being upgraded by BofA on soaring CPU orders. On the other hand, Oracle slumped 12% as it will take in more debt to finance data centers despite flat sales. Microsoft, and Meta dropped over 1%.
2026-06-11