US Stocks Pause for Juneteenth After Chip-Led Rally; Fed, Micron Earnings Loom
U.S. stock trading was paused Friday for Juneteenth, leaving Wall Street to sit with a chip-led rebound that steadied the market after a midweek Federal Reserve jolt. The latest cash close showed the S&P 500 up 80.48 points at 7,500.58, the Nasdaq Composite up 496.28 points at 26,517.93 and the Dow Jones Industrial Average up 72.15 points at 51,564.70. That matters now because the rally has two engines, and they are not fully aligned. Artificial-intelligence demand is still pulling money into chip and infrastructure names, but the Fed has pushed investors back toward the idea that borrowing costs may rise rather than fall. The next cash session will open with that tension still in place.