US Stocks Trim Losses

2026-06-26 16:07 By Andre Joaquim 1 min. read

US equities cut earlier losses on Friday as lower oil prices softened inflationary risks.

The S&P 500 and the Dow swung above the flatline, with the latter set to close at a record high of nearly 52,100.

Evidence that oil tankers continued to cross the Strait of Hormuz improved the supply outlook from Middle Eastern energy, easing concerns of multiple rate hikes by the Fed this year.

Companies in traditional economic sectors gained, with Visa and Walmart adding over 2%.

Meanwhile, Eli Lilly soared 7% after the EU backed the use of its leukemia therapy.

On the other hand, the Nasdaq 100 was 0.4% lower on fresh uncertainty on the AI trade.

Chip producers slumped to trim yesterday's rally, which stemmed from the strong outlook by Micron.

Its stock was 4% down, while Sandisk, Lam Research, and Western Digital fell up to 10%.

The Dow is set to trade in more similar direction as tech-heavy counterparts on Monday as Alphabet will replace Verizon.



News Stream
US Stocks Trim Losses
US equities cut earlier losses on Friday as lower oil prices softened inflationary risks. The S&P 500 and the Dow swung above the flatline, with the latter set to close at a record high of nearly 52,100. Evidence that oil tankers continued to cross the Strait of Hormuz improved the supply outlook from Middle Eastern energy, easing concerns of multiple rate hikes by the Fed this year. Companies in traditional economic sectors gained, with Visa and Walmart adding over 2%. Meanwhile, Eli Lilly soared 7% after the EU backed the use of its leukemia therapy. On the other hand, the Nasdaq 100 was 0.4% lower on fresh uncertainty on the AI trade. Chip producers slumped to trim yesterday's rally, which stemmed from the strong outlook by Micron. Its stock was 4% down, while Sandisk, Lam Research, and Western Digital fell up to 10%. The Dow is set to trade in more similar direction as tech-heavy counterparts on Monday as Alphabet will replace Verizon.
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