U.S. stocks were mixed on Thursday as investors moved money away from major technology stocks and into other sectors such as health care, financials and industrial companies. The tech-heavy Nasdaq Composite fell 0.5%. The S&P 500 was almost flat, with overall little movement.
The Dow Jones Industrial Average rose 161 points, or 0.3%. The Dow even hit a new all-time intraday high of 52,655.66 points in trading. Investors are buying non-AI and traditional companies while selling some large tech stocks.
Major index closing data:
- Dow Jones Industrial Average (DJIA): 52,204.30 (+0.69%)
- S&P 500: 7,365.99 (+0.11%)
- Nasdaq Composite: 25,351.79 (-0.49%)
- Russell 2000: 3,021.97 (+1.18%)
Other big tech stocks also fell
- Shares of Google parent Alphabet fell about 1%.
- Yuan Platform also fell about 1%.
- Nvidia fell more than 2%.
- Amazon fell more than 2%.
inflation data
Investors are closely watching new U.S. inflation data released on Thursday. The personal consumption expenditures (PCE) price index is the Fed’s preferred inflation measure. Government data showed PCE inflation rose 0.4% month-on-month in May. Economists had expected growth of 0.5%, according to CNBC citing estimates from Dow Jones.
On an annual basis, the overall inflation rate increased by 4.1%, in line with expectations. Core personal consumption expenditures inflation, which excludes food and energy prices, rose 0.3% month-on-month. The core inflation rate increased by 3.4% compared with the same period last year. Both core inflation figures were in line with economists’ forecasts.
While core inflation hit its highest level since October 2023, investors were relieved that the numbers were no worse. Investors had worried that inflation could rise further due to rising energy prices due to tensions in the Middle East, CNBC reported.
bond market reaction
U.S. Treasury yields edged lower after the inflation report. The benchmark 10-year Treasury yield fell more than 1 basis point to 4.384%.
gold price
On June 25, 2026, the price of gold fell sharply, and investors saw a significant drop in the value of the precious metal. The latest market data shows that at 12:05 noon Eastern Time on June 25, the spot price of gold was US$4,037.38 per ounce. Gold fell 1.73% on the day. Compared with the previous closing price, the decrease was US$71.09 per ounce. The price of gold closed at $4,108.47 per ounce on the previous trading day.
Bitcoin and Cryptocurrency Markets
this cryptocurrency market Market data showed the stock took a major hit as traders faced a wave of forced selling. A leveraged long position worth about $450 million was liquidated in just 60 minutes
Following the sell-off, Bitcoin fell to around $58,000, a decline that pushed Bitcoin to one of its weakest levels since late 2024. The sharp decline hurt investor and trader confidence across the cryptocurrency market.
Oil prices fall
Market data shows that oil prices have fallen back to levels last seen before the Iran conflict disrupted global energy markets. The decline comes as shipping traffic in the Strait of Hormuz gradually returns to normal.
Global benchmark Brent crude briefly fell below $72.48 a barrel. This is the same level of oil trading before the US and Israeli attacks on Iran. After falling below that level, Brent crude recovered slightly and is trading around $73.23 a barrel.
Micron becomes the highlight
Semiconductor company Micron Technology is one of the market’s biggest winners. Micron’s stock price rose 14% after reporting stronger-than-expected third-quarter earnings. The strong results helped limit broader market losses. Investors viewed Micron’s performance as a sign of continued strength in the chip industry.
Micron Technology’s market capitalization briefly rose above $1.4 trillion during the trading period. At one point, Micron temporarily became more valuable than Meta and Tesla. Later in the day, Micron Technology’s valuation fell back below two companies.
Other chip stocks rise
Qualcomm shares rose 6%. Qualcomm raised its long-term revenue forecast for its non-smartphone business through fiscal 2029. Shares of several other semiconductor-related companies were also higher. These include Sandisk, Western Digital, KLA and Applied Materials.
Dow rises
The Dow’s gains were largely driven by non-tech companies. Healthcare, financial and industrial stocks led the gains. Johnson & Johnson rose more than 1%, JPMorgan Chase rose more than 2%, and Caterpillar rose 5%.
Five stocks in the Dow accounted for nearly all of the index’s gains.
- Caterpillar contributed about 321 points
- Goldman Sachs contributed about 130 points.
- UnitedHealth contributed about 55 points.
- Sherwin contributed about 53 points.
- JPMorgan Chase contributed about 53 points.
Bio-Techne agrees to be acquired by Merck
Bio-Techne shares soared 19%. The company agreed to be acquired by Merck in an all-cash transaction. Merck will acquire Bio-Techne for $73 per share. The transaction is valued at approximately US$11.3 billion. Merck hopes to strengthen its life sciences business with this acquisition. According to CNBC, Merck’s stock price also rose 4% after the news was announced. The companies expect the transaction to close in late 2026 or early 2027.
SpaceX stock price under pressure
SpaceX shares fell about 1%, having fallen by a similar amount the previous day. SpaceX fell to nearly $150 before recovering to levels just above $153.
Markets open strong but lose momentum
All three major U.S. stock indexes opened higher. Shortly after the opening bell, the Nasdaq rose 1%. The S&P 500 rose 0.8%. The Dow rose 316 points. However, gains faded as investors sold off major tech stocks during the day.
The biggest news on Wall Street was the sharp sell-off in major technology stocks, led by apple and Microsoft.
Which sectors are performing well (June 25, 2026)
Today’s industry performance
- Industrial: +1.2% to +2.0%
- Healthcare: +1.0% to +1.6%
- Base materials: +1.4% to +1.8%
- Energy: +0.3% to +1.0%
- Financial situation: flat or slightly positive
- Technology and Hardware: Mixed.
- Consumer Discretionary: -0.9% to -1.2%
- Communications Services: -0.8% to -1.4% (via Bloomberg)
Apple, Microsoft drag tech stocks lower
Apple shares fell 5%, becoming one of the biggest reasons for the Nasdaq index’s decline. Apple announced price increases for MacBook and iPad products. Apple cited rising costs for important components, including chips, as the reason for the price increase.
Microsoft Shares fell nearly 4%. Microsoft has announced a price increase for its Xbox game console. Microsoft says the price of the 512 GB Xbox model will increase by $100. The 1 TB Xbox model will cost $150 more. Microsoft said game consoles are usually sold for less than their manufacturing costs and are not a major source of profit.
The overall stock market ended mixed as investors sold technology and chip stocks ahead of Micron Technology’s earnings report. Lower oil prices pushed energy stocks lower and helped U.S. Treasury yields fall. Bitcoin fell below $60,000 again, showing continued weakness in the crypto market.
