The S&P 500 rose by 0.9% on Monday, June 16. Investors were hopeful about easing tensions in the Middle East. They also looked forward to the Federal Reserve meeting this week.
Technology and communication stocks did well. The Nasdaq went up 1.5%. Advanced Micro Devices (AMD) shares jumped 8.8%.
Analysts liked AMD’s new Helios server rack system. It will feature next-generation MI400 chips and is expected to be released in 2026. Estée Lauder stock increased 10.8%.
This was the best gain in the S&P 500. The company announced that Leonard Lauder passed away at the age of 92. He was the former CEO and the founder’s oldest son.
Defense stocks fell on news of less tension between Iran and Israel. Lockheed Martin dropped 4%. Northrop Grumman and L3Harris were down 3.7% and 3.6%.
Casino stocks went up. MGM Resorts rose 8.1% after good news about its sports betting platform. Las Vegas Sands and Wynn Resorts also gained.
The Dow Jones Industrial Average increased 0.8%. Charter Communications fell 3.5%. There were reports of Spectrum internet outages in Southern California over the weekend.
Investors are waiting for the Fed meeting this week. They will closely watch interest rate decisions. Markets are also considering potential tariff changes.
The stock market will be closed on Thursday in observance of Juneteenth. Monday’s trading showed that the tech and communication sectors are strong. This was true even in the face of uncertainty about global events.
AMD’s significant gain indicates that investors appreciate new technology. But investors were careful about defense stocks due to international news. The Fed’s actions and economic news will be important for the markets going forward.
Tech stocks jumped on Monday. This led to a rally across the whole technology sector. Investors seemed to ignore recent tensions in the Middle East.
The Philadelphia Semiconductor Index rose almost 3%. The iShares Expanded Tech-Software ETF gained 1%. Most semiconductor stocks traded higher.
Taiwan Semiconductor Manufacturing was up 3%. Nvidia, Micron Technology, and Monolithic Power Systems added 1.8%, 3.8%, and 5.5%. Qualcomm and Texas Instruments each increased by 2%.
Broadcom edged up 0.9%. Software and cloud companies also saw early gains. Microsoft rose 1.1%.
Salesforce added 1.6%. Autodesk was up 1.6%. Atlassian climbed 2.5%. And Monday.com advanced 3.5%.
Tech stocks drive market gains
CoreWeave jumped 3.8% following recent momentum in AI infrastructure.
Amazon and Alphabet moved higher. But Oracle slipped 1.3%. U.S. stock indexes opened higher.
Investors seemed to downplay geopolitical risk. Market sentiment got better after reports said Iran was talking to ease tensions with Israel and the U.S. This followed missile strikes between them last week. The stock market had a good day on June 16, 2025.
Tech stocks did exceptionally well. The Dow Jones Industrial Average jumped 317.3 points, or 0.75%. It finished at 42,515.09.
The S&P 500 gained 0.94% to close at 6,033.11. The Nasdaq climbed 1.52% to end at 19,701.21. Big tech companies led the way.
Google and Tesla showed significant gains. But semiconductor stocks got the most attention. Advanced Micro Devices (AMD) rose nearly 9% after its Advancing AI conference last week.
Meta Platforms also increased by 2.8%. It started showing ads in WhatsApp, which could potentially generate more revenue. Financial stocks did well, too.
American Express, J.P. Morgan Chase, Citigroup, and Bank of New York Mellon all increased by more than 2%. American Express rose almost 3%. It said it will update its Platinum card later this year.
As trading ended, stocks remained higher but below their previous highs. Investors are watching Senate Republicans debate the tax bill. They are focused on the state and local tax (SALT) deduction cap.
The G-7 meeting in Canada is also getting attention. Discussions focus on reducing reliance on China for electronic supplies. The Philadelphia Semiconductor Index jumped more than 3%.
Top companies did well. Nvidia shares rose as CEO Jensen Huang discussed sovereign AI in Europe. AMD did great after CEO Lisa Su spoke positively about competing with Nvidia.
In early trading, major indexes were solidly higher. The Dow was up 1%, led by Goldman Sachs. The S&P 500 and Nasdaq 100 also showed substantial gains.
Estee Lauder and several chip stocks, such as AMD, Marvell, and Arm Holdings, were early leaders. Stock futures responded positively despite conflict in the Middle East between Israel and Iran. Israel attacked Iranian military leaders.
Markets stay hopeful even with counterattacks. The Strait of Hormuz is still open. There are efforts to maintain stable oil transportation.
Energy and oil names led sectors before the market opened. But crude oil prices fell 2% to $71.49. Gold prices were also lower, but still close to record highs.
Overall, the stock market had a positive day. Tech and financial services were strong. There are hopes for a Middle East resolution and good talks at the G-7 meeting.
