Today At A Glance:
U.S. equities surged as a ceasefire between Israel and Iran eased geopolitical concerns, and oil prices plunged nearly 6%, boosting risk. The S&P 500 rose about 1.3%, the Dow gained roughly 1.3%, and the Nasdaq jumped 1.6%, with the Nasdaq 100 approaching a record. Tech, travel, and crypto-related stocks led the charge, while energy and defense names lagged following the oil drop and easing tensions. The VIX fell, and breadth was positive—advancers outnumbered decliners across major. Markets also welcomed Fed Chair Powell’s cautious tone and growing expectations of rate cuts this summer (likely July or September).
Today’s Index Performance:
- S&P 500: Opened at $604.36, closed at $607.49, up approximately 1.3%.
- NYSE Composite: Mirrored broad market gains, rising around 1.3% on positive sentiment.
- NASDAQ: Opened at $536.93, closed at $540.10, up about 1.6%, helped by strong tech and semiconductor demand.
Gainers Of Note:
- Tesla (NASDAQ: TSLA): +8–9%, surging as tech stocks broadened its rally.
- Intel (NASDAQ: INTC): +6–7%, leading Nasdaq gainers on renewed chip optimism.
- Advanced Micro Devices (NASDAQ: AMD): +6%, following Intel’s lead and sector rotation into semis .
Losers Of Note:
- Chevron (NYSE: CVX): –1.8% as oil prices tumbled nearly 6%.
- Advance Auto Parts (NYSE: AAP): –0.07% on June 24, with a modest decline from its opening price of $49.91 to $48.26 by market close.
- Duolingo (NASDAQ: DUOL): slid about –5.80% today, falling from an opening price of $454.65 to $422.53 by the end of the session.
Active Traders Of Note:
- Tesla (NASDAQ: TSLA): extremely high volume as price surged into tech rally .
- Intel (NASDAQ: INTC): heavy trading on chip-sector rotation .
- Chevron (NYSE: CVX): – high volume on share decline post oil slide.
Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.
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