Daily Market Recap (June 24th 2026)

Market performance was mixed on June 24, 2026, as significant volatility in the technology sector tempered broader economic gains. The Dow Jones Industrial Average rose to a new record, outperforming other benchmarks as it prepared to replace Verizon with Alphabet to increase its digital economy exposure. Meanwhile, the Nasdaq and S&P 500 faced pressure from a sharp retreat in semiconductor stocks, specifically ahead of Micron Technology’s anticipated fiscal third-quarter earnings report. Despite tech jitters, the broader market found support from a notable drop in oil prices and falling Treasury yields, which helped ease persistent inflation fears. Investors also remained focused on upcoming economic data, including the Personal Consumption Expenditures price index and Federal Reserve bank stress tests. Geopolitical tensions appeared to soften as the United States and Iran engaged in negotiations regarding the strategic Strait of Hormuz shipping route.