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New York Stock Market: Dow Hits Record High, Semiconductor Index Surges

Published : Jun 30, 2026 7:52 AM

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Here is the latest from the New York stock market.

While the S&P 500 and Nasdaq indices successfully rebounded after six trading sessions, the Dow Jones Industrial Average surpassed the 52,000 mark for the first time, reaching an all-time high.

By sector, communication services rose nearly 3%, while consumer discretionary and technology stocks both climbed more than 2%, driving the overall strength of the market.

Investor sentiment improved sharply following news that the United States and Iran have agreed to halt mutual attacks and resume working-level negotiations.

U.S. President Trump announced that peace talks are set to resume in Doha, Qatar, on June 30, at the request of Iran.

Amid this easing of tensions, international oil prices saw a slight increase as the market monitors the implementation of the agreement, while prices for major commodities such as gold, silver, and copper all fell.

The market is now closely watching the Middle East situation, as well as the non-farm payroll data for June, which is scheduled to be released later this week.

As geopolitical risks subsided, strong bargain hunting flowed into growth stocks and AI-related semiconductor stocks, which had recently been showing a corrective trend.

With the sector as a whole showing renewed vitality, the Philadelphia Semiconductor Index closed with a sharp gain of 3.58%.

Among major stocks, Alphabet, the parent company of Google, rose more than 4% on its first day as a component of the Dow Jones Industrial Average, while SpaceX surged 7% on news of its inclusion in the Nasdaq 100 index on July 7.

Among large-cap tech stocks, Tesla stood out with an 8% gain, and Amazon rose 3%.

Having secured rebound momentum from the easing of Middle East-related risks, the New York stock market is now turning its attention to the employment data scheduled for later this week.