US Stocks Finish Higher

2026-07-09 20:23 By Luisa Carvalho 1 min. read

US stocks closed higher on Thursday, with the S&P 500 rising 0.8%, the Nasdaq advancing 1.3%, and the Dow Jones adding 139 points.

Renewed strength in chipmakers helped offset uncertainty surrounding the economic outlook.

Sentiment towards AI-linked stocks has been volatile lately amid concerns over high valuations, but was buoyed by strong demand for SK Hynix's US share offering, which was more than seven times oversubscribed.

Micron and Sandisk gained 5.2% and 7.6%, respectively, while Applied Materials rose 3.2%.

At the same time, oil prices and bond yields eased amid signs of continued tanker traffic through the Strait of Hormuz despite renewed US-Iran hostilities.

This provided a boost to the financial sector, with Morgan Stanley (1.9%), Goldman Sachs (2.6%) and American Express (3.1%) all rising.

Meta surged 4% after announcing it will target production of its own AI chip by September.



News Stream
The Dow Jones Index Closes 0.18% Higher
The Dow Jones Index went up by 96 points or 0.18 percent on Thursday to close at 52444 points. The rise was led by Cisco Systems (3.77%), American Express (2.94%) and Goldman Sachs (2.51%). On the downside, the weakerst performers were Salesforce (-2.73%), IBM (-2.41%) and J&J (-1.63%).
2026-07-09
US Stocks Finish Higher
US stocks closed higher on Thursday, with the S&P 500 rising 0.8%, the Nasdaq advancing 1.3%, and the Dow Jones adding 139 points. Renewed strength in chipmakers helped offset uncertainty surrounding the economic outlook. Sentiment towards AI-linked stocks has been volatile lately amid concerns over high valuations, but was buoyed by strong demand for SK Hynix's US share offering, which was more than seven times oversubscribed. Micron and Sandisk gained 5.2% and 7.6%, respectively, while Applied Materials rose 3.2%. At the same time, oil prices and bond yields eased amid signs of continued tanker traffic through the Strait of Hormuz despite renewed US-Iran hostilities. This provided a boost to the financial sector, with Morgan Stanley (1.9%), Goldman Sachs (2.6%) and American Express (3.1%) all rising. Meta surged 4% after announcing it will target production of its own AI chip by September.
2026-07-09
US Stocks Rebound
US stocks gained traction on Thursday amid gains for chip producers and an improvement in credit conditions. The S&P 500 rose 0.5% and the Nasdaq 100 gained 1.3%, while the Dow rose 200 points. Memory chip producers were sharply higher as markets reconsidered the speculative outlook of AI infrastructure manufacturers. These were magnified by the introduction of SK Hynix ADRs tomorrow, the world's largest memory producer, with reports stating the receipts are seven times oversubscribed. Micron and Sandisk were 7% up. Meanwhile, oil prices and bond yields eased amid evidence that laden tankers continued to cross the Strait of Hormuz despite fresh attacks between the US and Iran. This supported the financial sector with Morgan Stanley, Goldman Sachs, and American Express, adding around 3% each. Meanwhile, Meta rebounded from early losses to a 2% gain after announcing it will target production of its own AI chip by September.
2026-07-09