US Stocks Rise on Tech Rally, Close Q2 on Strong Note

2026-06-30 20:17 By Isabela Couto 1 min. read

US stock indexes closed higher on Tuesday, supported by strength in the technology sector and easing inflation risks.

The S&P 500 gained 0.8%, while the Nasdaq 100 rose 1.7%, and the Dow Jones added 136 points to close at a record high of 52,319.

Chipmakers extended their rebound as investors looked past recent concerns over stretched AI-related valuations, encouraged by strong guidance from semiconductor producers despite elevated hyperscaler spending.

Nvidia gained 2.6%, AMD rose 7.7%, and Intel advanced 6%.

Meanwhile, oil prices remained near pre-conflict levels, easing concerns that the Federal Reserve could be forced into a hiking cycle.

The softer inflation backdrop also supported traditional sectors, helping the Dow outperform broader benchmarks in June.

Considering Q2, the S&P rose more than 14% and the Nasdaq surged about 20%, their strongest quarterly performances since Q2 2020.

The Dow gained more than 12%, its best quarterly performance since Q4 2022.



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