US Stock Market Summary for June 30, 2026

The US stock market wrapped up the final trading day of the second quarter on a strong note, logging its best quarter since 2020. The Nasdaq climbed 1.52% to 26,213 and the S&P 500 gained 0.79% to 7,499, while the Dow added 0.26% to 52,319, setting yet another all-time high. The Cboe Volatility Index (VIX) tumbled 10.7% to 16.4, signaling that risk-aversion sentiment unwound quickly. Chip stocks rallied again following Monday's surge, lifting the broader indexes, while the ongoing US-Iran ceasefire kept risk appetite intact. For the quarter, the Nasdaq gained roughly 21%, its strongest quarterly showing in five years, and the Fear & Greed Index recovered to 31. (Source)

The rotation into growth names extended into a second session. Tech (+2.76%) led decisively, followed by industrials (+1.35%) and materials (+0.34%), while defensive sectors were uniformly pressured: real estate (-1.98%), consumer staples (-1.54%), utilities (-1.48%), and health care (-1.29%). The flow of capital was unmistakable, moving out of last week's defensive safe havens and back into chipmakers and growth stocks. In the broader asset space, natural gas (+2.54%) and silver (+1.50%) outperformed, while international crude oil (proxied by a crude oil ETF at -0.60%) held steady on expectations for Iran negotiations. Treasury yields moved only modestly ahead of the upcoming employment report.

Chipmakers led the market for a second consecutive day. SanDisk ($SNDK) jumped 10.84%, followed by KLA ($KLAC) at 8.23%, AMD ($AMD) at 7.54%, and Marvell ($MRVL) at 7.09%, with memory, equipment, and AI-exposed chip names all advancing in unison. Marvell specifically extended its rally after UBS raised its price target the previous day, and GE Vernova ($GEV) added 6.56%, highlighting the power and infrastructure theme. The Magnificent Seven joined the rally, with Apple ($AAPL) up 2.60%, Nvidia ($NVDA) up 2.45%, and Tesla ($TSLA) up 2.07%. (Source)

By contrast, last week's defensive leaders saw profit-taking for a second straight session, with Verizon ($VZ) down 3.99%, T-Mobile ($TMUS) down 3.63%, Netflix ($NFLX) down 3.23%, and Eli Lilly ($LLY) down 2.48%. Meanwhile, Nike ($NKE), which reported earnings after the close, posted EPS of $0.72, far above the $0.11 consensus, though $0.52 of that beat came from a one-time tariff-refund benefit; revenue of $11.0 billion was largely in line with expectations. (Source)

> Key events for the next trading day are displayed automatically.

> "The first half of this year was really excellent. It well exceeded most expectations."

> — Oliver Pursche, Senior Vice President at Wealthspire Advisors

> "With quarter-end and half-year-end rebalancing by institutional managers, there can be waves of volatility. Expect some choppiness, but do not overinterpret it."

> — JJ Kinahan, Cboe Global Markets

Chipmakers broke above the upper Bollinger Band en masse, entering overbought territory, while defensives such as telecom and consumer staples were pushed to the lower band, leaving the rotational signal clearly defined. With the employment report due the next day, short-term overheating and rebound signals are pulling in opposite directions; for a detailed breakdown by stock, please see the report below.