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Stock Market 24 February 2026
U.S. markets closed higher on June 18, 2026, with the S&P 500 up over 1%, the Nasdaq rising nearly 1.5%, and the Dow gaining modestly. Growth stocks led gains, while chip stocks rallied strongly after President Donald Trump announced Apple and Intel would collaborate on U.S. chip design and manufacturing. The iShares Semiconductor ETF surged 7.4%, with notable moves from Qnity Electronics and Entegris. Corning shares outperformed, driven by optimism over its AI data-center exposure. Amazon rose about 2.4% amid reports it is in talks to sell custom AI chips to external data centers. In Taiwan, the Taiex hit a record, and TSMC’s U.S. ADR jumped 6.3%. Butterfly Network soared over 50% after Midjourney revealed a new ultrasound scanner using Butterfly modules, highlighting a licensing deal worth up to $74 million. CervoMed gained after receiving a U.S. patent allowance for neflamapimod. Grab advanced as Q1 profit rose and a $500 million buyback was announced, though investors remain cautious about growth. Pfizer fell 3.2% following news of its CFO’s departure. Lockheed Martin and other defense stocks declined as oil prices dropped and optimism grew around a U.S.-Iran interim deal. Transocean and other offshore drillers fell despite Transocean securing $185 million in new contracts. Strategy’s Stretch preferred stock remained below par, affecting its bitcoin funding strategy. SpaceX’s public debut created tax and diversification challenges for employees. Markets will be closed Friday for Juneteenth.