empty
 
 

2026.06.2616:07:19UTC+00US Stocks Trim Losses

US equities pared earlier losses on Friday as a pullback in oil prices eased inflation concerns. The S&P 500 and the Dow both moved into positive territory, with the Dow on track to close at a record high near 52,100. Continued tanker traffic through the Strait of Hormuz improved the outlook for Middle East oil supply, reducing fears of multiple Federal Reserve rate hikes this year.

More cyclical and traditional sectors outperformed, with Visa and Walmart each gaining more than 2%. Eli Lilly surged 7% after the European Union endorsed the use of its leukemia treatment.

In contrast, the Nasdaq 100 slipped 0.4% amid renewed uncertainty around AI-related trades. Semiconductor stocks gave back part of Thursday’s gains, which had been driven by Micron’s upbeat outlook. Micron shares fell 4%, while Sandisk, Lam Research, and Western Digital dropped as much as 10%.

Looking ahead to Monday, the Dow’s performance is expected to more closely mirror that of its tech‑heavy peers as Alphabet is set to replace Verizon in the index.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback