NEW YORK / Content Syndication Services / – Wall Street indices closed higher Thursday as semiconductor stocks powered a broad rebound in U.S. equities. The Nasdaq Composite rose 1.91% to 26,517.93. The S&P 500 advanced 1.08% to 7,500.58. The Dow Jones Industrial Average gained 0.14% to 51,564.70.
Chip shares led the session. The Philadelphia Semiconductor Index climbed 6.4%, far above the broader market. Intel rose 10.6% and finished at a record high. The move followed a statement by President Donald Trump that Apple had agreed to work with Intel on chip design and manufacturing in the United States.
Technology was the strongest major sector in the S&P 500, rising 2.7%. Gains in semiconductors helped offset weaker trading in parts of the software market. Accenture fell after the company lowered the top end of its annual revenue forecast. Apple also gained, while Intel ranked among the strongest performers in the large-cap index.
Semiconductor stocks lead rebound
The rally came one day after U.S. stocks fell following the Federal Reserve’s latest policy update. The central bank left its benchmark rate unchanged at 3.50% to 3.75% on Wednesday. Its updated projections showed higher inflation expectations for 2026 and a divided outlook on rates through year-end.
Treasury yields eased during Thursday’s session, reducing pressure on growth stocks. Oil prices moved unevenly after the United States and Iran signed an interim peace agreement. The accord included steps tied to reopening the Strait of Hormuz to oil tanker traffic. Energy markets had watched that route closely because it handles a large share of global crude shipments.
Nasdaq outpaces broader market
The Russell 2000 index rose 2.1% to 2,979.77, showing gains beyond the largest technology companies. Consumer discretionary shares also advanced. The market’s strongest tone still came from chipmakers, which remain central to artificial intelligence, data centers, consumer electronics and U.S. manufacturing policy. Semiconductor stocks have become a key driver of Wall Street performance in 2026.
Thursday marked the final U.S. trading session of the week because markets were closed Friday for Juneteenth. The Nasdaq gained 2.43% for the week. The S&P 500 added 0.93%, while the Dow rose 0.71%. Year to date, the Nasdaq stood up 14.1%, the S&P 500 up 9.6%, and the Dow up 7.3%.