NEW YORK, June 24, 2026, 11:02 (EDT)
- Dow up 302.73 points, or 0.59%, at 51,969.57 as of 10:46 a.m. EDT; S&P 500 and Nasdaq were higher too.
- Home Depot, 3M, and Sherwin-Williams were the top movers on the Dow, all gaining. Chevron, Verizon, and Nike ended lower.
- Alphabet will take Verizon’s spot in the Dow when markets open June 29.
Dow moves up Wednesday with Home Depot and 3M leading. Tech selling slowed, and weaker oil prices eased some pressure on U.S. stocks.
Dow climbed 302.73 points, or 0.59%, to 51,969.57 at 10:46 a.m. EDT. S&P 500 gained 0.58% and Nasdaq Composite advanced 0.66%. The bounce in tech shares gave some lift to the Dow after a tech-driven selloff the day before.
Home Depot climbed 3.9% and 3M was up 3.5%. Sherwin-Williams put on 3.1%, according to WSJ data. Chevron dropped 2.8%, Verizon was off 2.4%. Nike shed 2.0%.
The Dow uses a price-weighted scheme, so stocks with higher prices like Home Depot and 3M carried more weight for the 30-name index. Those moves counted more than changes in some cheaper Dow shares.
Oil prices pulled back after rising on Middle East tensions. Brent crude shed 4% to $73.72 a barrel. U.S. crude lost 4.4% to $69.96. The 10-year Treasury yield dropped to 4.41% from 4.50% late Tuesday, AP said. Falling yields often make stocks more attractive compared to safer bonds.
Tech stocks paused their slide, finding some ground after two losing sessions. Eyes were on Micron Technology ahead of its earnings report after the close, seen as a gauge for AI spending with big cloud and internet players making debt-fueled bets on chips. “Micron’s earnings this time are central to market sentiment,” said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company. Reuters
But the move might not last if Micron’s results or outlook don’t ease concern about AI demand, or if inflation data out Thursday boosts expectations for more Fed rate hikes. “When markets move so rapidly, in either direction, it’s a sign of instability,” said Michael McCarthy, market analyst at Moomoo Securities Australia. Reuters
Alphabet is set to join the Dow, taking Verizon’s spot before the open on June 29, S&P Dow Jones Indices said late Tuesday. The provider said Verizon had dropped to about 0.5% of the index due to its low share price. Alphabet brings higher market cap, share price, and a different business mix, making it a better fit for the index’s communications-services slot.
Alphabet shares climbed 1% following the news, according to AP. Verizon, which will stay in the Dow until the switch, lagged on Wednesday’s Dow.
PCE inflation data lands Thursday. Economists see the index at 4.1%, according to Reuters. Traders built up wagers on a second Fed hike this year after Chair Kevin Warsh said inflation still has to come down.
