Traders work at the New York Stock Exchange on June 17, 2026.
NYSE
US stocks rose on Thursday, as traders sought to recover after the Federal Reserve signaled the possibility of a rate hike this year – a move that fueled a selloff in equities during the previous session.
S&P 500 And nasdaq composite climbed 1% and 1.5% respectively. Dow Jones Industrial Average An increase of 122 points or 0.2%.
intel LED chip shares rose 10% after President Donald Trump said he would partner with the company Apple US Fellow on Designing Chips in Semiconductor Names NVIDIA And micron technology were higher by more than 2% and more than 9%, respectively. iShares Semiconductor ETF (SOXX) Jumped more than 6%.
Robert Conzo, CEO of The Wealth Alliance, believes that “companies that work together have greater growth because [artificial intelligence] The impact of AI within infrastructure and many different competitive industries,” he said. “I think Apple-Intel was a little bit of a proxy for what you might see in the future.”
On Wall Street, concerns grew about the monetary policy stance going forward after the Federal Reserve held its first meeting with Kevin Wersh as chairman on Wednesday.
A “dot plot” of policymakers showed that nine out of 18 Fed officials now see interest rates rising in 2026.
Warsh’s decision to refrain from presenting a rate forecast was complicating the forecast. However, during the press conference the chairman repeatedly stressed the goal of achieving “price stability”, and displayed an aggressive tone.
“There is uncertainty, but I think behind the uncertainty there are some very positive forces moving forward,” Conzo said, citing strong earnings, better-than-expected jobs data in May and recent upbeat retail sales data.
Stocks are on pace to close the holiday week in positive territory. The S&P 500 is up 0.8% for the week so far, en route to its 11th winning week in 12. The Dow is also on track for a 0.8% gain for the week, while the Nasdaq has jumped 2%.
Correction: An earlier version misstated the change in Brent crude oil futures.
