Stock Market Update
30-Jun-26 10:10 ET
Modest gains as semiconductors extend rally
Dow +21.48
at 52204.22,
Nasdaq +176.38
at 26017.52,
S&P +22.30
at 7462.73
[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.7%), and DJIA (+0.1%) trade modestly higher as semiconductor stocks see an extension of yesterday's gains while the broader market is mixed.
A 2.9% gain in the PHLX Semiconductor Index pushes the information technology sector (+1.6%) to the top of the leaderboard, with AI-infrastructure names such as Corning (GLW 269.06, +13.37, +5.23%) and Lam Research (LRCX 430.52, +19.61, +4.77%) once again among the top performers. The industrials sector (+0.6%) is once again a beneficiary of semiconductor gains, but it is the only other S&P 500 sector with a gain wider than 0.3%.
Meanwhile, the communication services (-1.0%) and consumer discretionary (-0.4%) sectors move lower as most "Magnificent Seven" names see some modest profit-taking after yesterday's rally, while more defensive-oriented sectors continue to lag.
On the data front, the Chicago PMI contracted to 56.7 in June (Briefing.com consensus 60.0), down from a prior level of 62.7.
The Conference Board's Consumer Confidence Index checked in at 91.2 in June (Briefing.com consensus: 94.2) from a downwardly revised 90.6 (from 93.1) in May.
The May Job Openings and Labor Turnover report (JOLTS) saw 7.594 million job openings in May, up/down from a downwardly revised 7.585 million in April (from 7.681 million).
