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Dow Breaks 53,000 Amid AI Rally on July 7, Nasdaq Up 1.12%

2026-07-06 20:37:51

US500-0.05%

XLK1.69%

SMH1.85%

According to E-Daily, US stock markets rose sharply on July 7, with the Dow Jones Index surging past 53,000 for the first time, up 0.29% to 53,055.91. The S&P 500 climbed 0.72% to 7,537.43, while the Nasdaq Composite jumped 1.12% to 26,121.16. Technology and semiconductor stocks led the rally, with the XLK technology ETF gaining 2.98% and the SMH semiconductor ETF rebounding 2.3%. Nvidia stated its product roadmap remains unchanged, Broadcom announced an extended partnership with Apple through 2031, and SK Hynix advanced its U.S. listing process.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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