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Technology 18 June 2026 - 19 June 2026

US stocks finish up as chip shares surge and oil falls

Stocks bounce back; Iran deal, chips boost market despite Fed worries

Stocks in the U.S. ended the holiday-shortened week higher Thursday. An interim U.S.-Iran deal eased some concerns over inflation, and semiconductors rallied. That helped offset renewed worries the Fed could hike rates this year. The Nasdaq Composite added 496.28 points, or 1.91%, to close at 26,517.93. The S&P 500 finished up 80.48 points, or 1.08%, at 7,500.58.
ASML drops after China chip-tool issue interrupts AI rally

ASML drops after China chip-tool issue interrupts AI rally

ASML Holding shares fell in Amsterdam Friday after the chip-equipment giant said it has not shipped its top-end lithography technology to China. The move raised new export-control questions, hitting one of Europe’s biggest AI-related stock rallies. Shares were down 0.6% at €1,666.00 at 13:37 CEST, after touching an intraday low of €1,631.40, according to Google Finance.
AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Chips push Wall St higher, oil’s slide softens Fed hit

Chip stocks boosted Wall Street late Thursday morning, with U.S. indexes moving up as oil prices fell and some inflation worries cooled despite a firmer tone from the Federal Reserve. The Dow Jones Industrial Average added 0.36% at 11:23 a.m. ET, while the S&P 500 was up 0.91%. The Nasdaq Composite climbed 1.25%.
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