Dow Rises to New Record, Chips Rebound

2026-07-06 13:37 By Andre Joaquim 1 min. read

US stock indices were higher on Monday amid fresh support from the heavyweight chip sector.

The S&P 500 added 0.4%, the Nasdaq 100 rose nearly 1%, and the Dow inched higher to over 53,000 for the first time on record.

Memory chip producers were sharply higher ahead of Samsung sales updates and SK Hynix's ADR issuance on Friday.

This extends the volatile momentum since last week as ambitious guidance upgrades weigh against concerns that AI sector is overbought, with Meta selling its spare compute capacity and new SpaceX bonds trading at high-yield levels shortly after its record-setting IPO.

Micron and Sandisk rose over 2.5%.

Meanwhile, Nvidia traded higher as its assembly partner Hon Hain Precision signaled AI demand is growing further.

Broader sectors were steady after last-week's outperformance.

Minutes from the meeting of a divided FOMC due Wednesday could unveil insights on how the committee balances inflation and job market risks.



News Stream
US Stocks Rise as Chipmakers Rally
US stock indices closed higher on Monday on strong gains in semiconductor stocks. The S&P 500 added 0.7%, the Nasdaq 100 rose 1.3%, and the Dow closed at a record high of 53,056. Chipmakers rallied ahead of Samsung's sales update and SK Hynix's ADR issuance on Friday. Broadcom rose 3.7% after extending its partnership with Apple (+1.3%). Nvidia gained 0.4% after its assembly partner Hon Hai Precision Industry signaled that AI demand continues to strengthen. Micron rose 0.9%, AMD surged 6.6%, and Intel added 1.5%. The gains extended a volatile period for chip stocks, as investors continue to weigh rising competition, potential overcapacity, and the returns on AI-related investments. On the data front, the US services sector expanded at a slightly slower pace in June, while firms increased hiring as cost pressures eased. Investors await minutes from the Fed's latest policy meeting on Wednesday for clues on how policymakers are balancing inflation and labor market risks.
2026-07-06
The Dow Jones Index Opens 0.07% Lower
The Dow Jones Index is falling 36 points. Losses were driven by Nike (-3.49%), Visa (-2.67%) and Microsoft (-2.14%). Biggest rises came from Goldman Sachs (2.63%), Caterpillar (2.23%) and JPMorgan (1.48%).
2026-07-06
Dow Rises to New Record, Chips Rebound
US stock indices were higher on Monday amid fresh support from the heavyweight chip sector. The S&P 500 added 0.4%, the Nasdaq 100 rose nearly 1%, and the Dow inched higher to over 53,000 for the first time on record. Memory chip producers were sharply higher ahead of Samsung sales updates and SK Hynix's ADR issuance on Friday. This extends the volatile momentum since last week as ambitious guidance upgrades weigh against concerns that AI sector is overbought, with Meta selling its spare compute capacity and new SpaceX bonds trading at high-yield levels shortly after its record-setting IPO. Micron and Sandisk rose over 2.5%. Meanwhile, Nvidia traded higher as its assembly partner Hon Hain Precision signaled AI demand is growing further. Broader sectors were steady after last-week's outperformance. Minutes from the meeting of a divided FOMC due Wednesday could unveil insights on how the committee balances inflation and job market risks.
2026-07-06