Dow Gains as Chip Stocks Climb, Oil Drops; Fed Rate Concerns Linger
The Dow Jones Industrial Average gained Thursday after oil prices fell and chip stocks jumped, but the blue-chip index lagged behind the S&P 500 and Nasdaq. Investors remained cautious on the Federal Reserve’s hawkish tone. This move lands in the final full U.S. equity session before Juneteenth shuts trading Friday, with traders trying to price in sliding energy prices on a U.S.-Iran interim deal and a Fed that hasn’t ruled out higher borrowing costs. The New York Stock Exchange sets its core trading session from 9:30 a.m. to 4:00 p.m. ET, and lists Juneteenth National Independence Day as a Friday, June 19 market holiday in 2026.