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U.S. Stock Indices Surge on June 19 as Semiconductor Index Hits Record High

GateNews
StocksIndicesMacroeconomics

According to BlockBeats, on June 19, U.S. stock market's three major indices rose as the U.S.-Iran peace agreement reopened the Strait of Hormuz. The S&P 500 gained 1.09%, Nasdaq climbed 1.91%, and the Dow Jones Industrial Average rose 0.14%, according to Bitget data.

Chip stocks led gains, with the Philadelphia Semiconductor Index jumping 6.4% to a record high. Intel (INTC) surged 10.64% after U.S. President Trump announced an Apple-Intel partnership. Alongside Intel, Cohere (KLAC) gained 8.73%, Marvell Technology (MRVL) rose 7.27%, TSMC (TSM) climbed 6.94%, and Qualcomm (QCOM) gained 6.17%.

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