Stock Market Update
30-Jun-26 11:35 ET
Another solid showing from growth stocks
Dow +82.18
at 52264.92,
Nasdaq +279.33
at 26120.47,
S&P +38.29
at 7478.72
[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+1.1%), and DJIA (+0.3%) trade near their best levels of the session just before midday as another strong showing from semiconductor names outweighs mixed strength in the broader market.
Four S&P 500 sectors trade higher, with the information technology sector (+1.8%) leading the advance. The PHLX Semiconductor Index is up 2.9%, expanding its early week-to-date gain to nearly 7%.
Electrical product names such as Vertiv (VRT 329.50, +22.53, +7.34%) are staying true to their recent trend of following semiconductors higher, which seats the industrials sector (+1.1%) with a nice gain as well. Gains are more modest elsewhere.
Strength is mixed across mega-cap names outside the semiconductor space, though the Vanguard Mega Cap Growth ETF (+1.3%) has steadily ticked higher throughout the session, pushing the major averages to their best levels as well.
Meanwhile, defensive-oriented sectors face an extension of yesterday's profit-taking after last week's rotational rally.
