New York, June 9, 2026, 11:02 EDT
- Dow industrials ended higher as tech stocks bounced and oil prices slipped.
- The S&P 500 ticked up, but the Nasdaq held steady. Traders are watching to see if the AI-driven rally spreads out.
- Markets are watching for May consumer inflation data due Wednesday, with a Federal Reserve meeting ahead next week.
U.S. stocks climbed Tuesday. The Dow Jones Industrial Average added 154.87 points, or 0.30%, to close at 50,940.88. Tech names bounced and traders cited lower Middle East tensions. The S&P 500 was up 0.22%. The Nasdaq Composite edged down 0.03%. Numbers are from LSEG, via Reuters, and are delayed at least 15 minutes.
The Dow is trying to stay positive after last week’s tech selloff rattled a market that had been driven by AI demand. The regular New York session was underway; the NYSE core hours are 9:30 a.m. to 4:00 p.m. Eastern. The next holiday for U.S. equity markets is Juneteenth on June 19.
Stocks were mixed outside the Dow. The S&P 500, which tracks a wider slice of big U.S. companies, and the tech-loaded Nasdaq swung as AI-related shares bounced but traders waited on new inflation figures set for Wednesday. At 9:42 a.m. ET, the Dow was up 0.76%, and both the S&P 500 and Nasdaq were in positive territory, according to Reuters.
Chip stocks lifted sentiment. Intel, Broadcom, and Micron Technology posted gains of 1.5% to 3.2% early, and the Philadelphia Semiconductor Index added 2.3%, according to Reuters. Applied Digital surged nearly 11% after it signed a $5.2 billion lease for an AI data center.
“The reason why I think the market’s holding on pretty well is that analysts are still not finished raising their guidance,” Ken Mahoney, CEO of Mahoney Asset Management, told Reuters. He said tech earnings forecasts are climbing, which gives support even as investors watch interest rates, inflation and the situation in the Middle East. Reuters
Consumer and industrial stocks also lifted Dow components. MarketWatch pointed to American Express and Nike as big drivers in the Dow’s rise, given the price-weighted structure, where gains in higher-priced stocks like those have a bigger effect on the index than moves in lower-priced names.
Oil gave up ground after a choppy session, taking some strain off consumer and transport stocks. Brent crude dropped over 3% to trade around $91 a barrel during morning U.S. hours. Airlines like United Airlines and Delta Air Lines gained as investors shifted expectations for immediate fuel costs.
The rate environment stays tight. A Reuters poll out Tuesday found almost 70% of economists see the Federal Reserve holding its main rate at 3.50%-3.75% through the rest of 2026. None of those polled forecast a rate cut at the June 16-17 meeting. “It’s going to be very hard for the Fed to justify any action at this point and in the foreseeable future,” said Tom Porcelli, chief economist at Wells Fargo. Reuters
Wednesday’s consumer price index is the main report this week. The CPI tracks prices for consumers and could reveal if higher energy costs are pushing up inflation. Philip Marey, senior U.S. strategist at Rabobank, told Reuters: “The risk is more towards more persistent inflation and fewer cuts and possibly hikes than any quick resolution.” Reuters
Fed officials meet June 16-17, with new projections on rates—the so-called “dot plot”—on the agenda. Investors want to see if, after a strong May jobs number and a recent oil spike, policymakers signal they have given up any leaning toward cuts. Federal Reserve
Tuesday’s rebound could be another head fake, according to Bank of America strategist Savita Subramanian. She said 70% of the firm’s bear-market signals had gone off and suggested investors lock in gains. Morgan Stanley’s Mike Wilson sounded less bearish. He called the recent pullback “inevitable and ultimately healthy” if the bull run is to last through year-end. Axios
Right now, steadier oil, better market breadth and renewed buying in large-cap tech are giving the Dow a lift. That could hold it up for today. It’s less clear if it will last the week.
