US Stocks Gain Ground, Dow Rises to Record

2026-06-24 15:09 By Andre Joaquim 1 min. read

US equities gained ground on Wednesday, rebounding from the selloff in the chip sector on signs of improvement to broader credit conditions.

The Nasdaq 100 and the S&P 500 gained nearly 1%, while the Dow added 400 points for a new record.

Micron was flat ahead of its earnings after the bell.

It followed the 13% plunge last session on fresh doubts that capital expenditures from AI companies were overdone and are due to slow.

Other semiconductor and memory producers halted the selloff, with Nvidia, Intel, and Broadcom adding up to 2%.

AI fundraising remained at soaring levels as SK Hynix was looking to raise $29 billion with a US listing shortly after the record SpaceX IPO.

Broader sectors were supported by a pullback in yields across the curve as the outlook of restored energy exports from the Middle East tempered inflationary risks.

The Dow Jones outperformed due to its exposure to traditional sectors of the economy, set to change on Monday when Alphabet replaces Verizon.



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US Stocks Gain Ground, Dow Rises to Record
US equities gained ground on Wednesday, rebounding from the selloff in the chip sector on signs of improvement to broader credit conditions. The Nasdaq 100 and the S&P 500 gained nearly 1%, while the Dow added 400 points for a new record. Micron was flat ahead of its earnings after the bell. It followed the 13% plunge last session on fresh doubts that capital expenditures from AI companies were overdone and are due to slow. Other semiconductor and memory producers halted the selloff, with Nvidia, Intel, and Broadcom adding up to 2%. AI fundraising remained at soaring levels as SK Hynix was looking to raise $29 billion with a US listing shortly after the record SpaceX IPO. Broader sectors were supported by a pullback in yields across the curve as the outlook of restored energy exports from the Middle East tempered inflationary risks. The Dow Jones outperformed due to its exposure to traditional sectors of the economy, set to change on Monday when Alphabet replaces Verizon.
2026-06-24
The Dow Jones Index Opens 0.02% Higher
The Dow Jones Index is gaining 11 points or 0.02 percent on Wednesday. Leading the gains are Home Depot (2.63%), Sherwin-Williams (2.04%) and Amazon (1.64%). Top losers are Chevron (-2.30%), IBM (-2.17%) and Goldman Sachs (-1.59%).
2026-06-24
US Stocks Trade Muted After Chip Selloff
US equity indices were muted on Wednesday following the selloff in the heavyweight chip sector yesterday. The Nasdaq 100 and the S&P 500 were little changed. Micron added 2% head of its earnings after the bell. It followed the 13% plunge last session on fresh doubts that capital expenditures from AI companies were overdone and are due to slow. Other semiconductor and memory producers halted the selloff, with Nvidia, Lam Research, and Sandisk in the green. AI fundraising remained at soaring levels as SK Hynix was looking to raise $29 billion with a US listing shortly after the record SpaceX IPO. In turn, yields remained elevated along the curve despite the return of oil prices to pre-Iran war levels on the outlook of a hawkish Fed. Financial stocks traded muted ahead of the open. The Dow was flat as it avoided the volatility from other indices due to lower exposure to tech, set to change on Monday when Alphabet replaces Verizon. Financial companies weighed, with JPMorgan down 1%.
2026-06-24