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NASDAQ:MSFT 12 June 2025 - 30 June 2025
On June 22, 2026, U.S. stock indexes diverged as the S&P 500 fell 0.48% and the Nasdaq dropped 1.41%, weighed down by losses in Alphabet, Meta, Amazon, and Microsoft, while the Dow gained 0.12% to finish at 51,709.80. Alphabet shares lost about 5.5%-6%, dragging down the tech sector, but gains in Caterpillar and Visa helped the Dow outperform. Microsoft’s West Texas power deal gave Caterpillar a direct role in a large AI data-center energy project, with co-located power emerging as a catalyst for demand in engines, turbines, and service contracts. Chevron agreed to supply natural-gas power to Microsoft’s new data center in Pecos, Texas under a 20-year deal, reflecting a shift in AI focus from software growth to securing energy. Microsoft reported Azure grew 40%, but its shares slipped near midday. Jefferies projected about $350 billion in index fund trades at the close of the Russell U.S. index rebalancing, with SpaceX set to join the Russell 1000. Congressional filings showed significant stakes held in major tech companies including Alphabet, Amazon, Apple, Broadcom, Microsoft, Nvidia, Salesforce, and Visa, with options exercised in Alphabet, Amazon, and others. Recent trading sessions were marked by volatility in megacap tech stocks, index reshuffling, and a focus on energy deals linked to AI infrastructure.