The S&P closed at a record level surpassing the high on May 14 at 7501.25. The index is closing at 7519.08 up 45.59 or 0.61%
The Nasdaq index is also closing at a new record, stretching above it’s highest close at 26635.22. The index is closing at 26656.18, up 312.21 or 1.19%
The Dow closed at a record on Friday, but is down on the day with a decline of -118.01 or -0.23% ast 50,467.06
The biggest gainer was the Russell 2000 which rose by 51.31 points or 1.79% at 2920.54. That is also good enough for a new record close for the index.
Micron Technology exploded higher today, surging 19.29% to close at $895.88 after trading in a massive intraday range between $820.30 and a record high of $916.76. The rally reflects continued enthusiasm around AI-driven demand, with investors piling into semiconductor names tied to memory and data-center growth.
The stock opened with strong upside momentum and never really looked back, with buyers aggressively chasing the move higher throughout the session. Although the price backed off the intraday high into the close, the ability to hold near the upper end of the day’s range keeps the bullish bias firmly intact heading into the next session.
Technically, the close near $900 remains an important psychological level, while the $916.76 high is now the next key upside target and resistance level. On the downside, traders will watch the $820–$830 area as the first major support zone after today’s breakout move. A move back
Below that area would disappoint the momentum buyers, but for now, the path of least resistance remains tilted sharply to the upside.
Today’s rally was largely driven by a surge in memory and chip stocks, fueled by the upbeat outlook from Micron that lifted the entire sector. When Micron moves +19%, it tends to pull Western Digital, SanDisk, AMD, Marvell, Lam Research, and Texas Instruments right along with it — which is exactly what happened here. Airlines also caught a bid across the board, with American, United, and Alaska all up solidly, on the back of lower oil on hopes for peace in the Middle East sooner rather than later.
- MU (Micron) — +19.29%
- WDC (Western Digital) — +8.34%
- AMD — +7.72%
- SNDK (SanDisk) — +7.50%
- AAL (American Airlines) — +7.17%
- MRVL (Marvell) — +6.08%
- LRCX (Lam Research) — +5.61%
- TXN (Texas Instruments) — +5.07%
The losers tell the other side of the story. Energy names like Chevron and Exxon sold off, on the back of the lower energy prices. Defensive consumer staples like PepsiCo and Philip Morris also declined, suggesting investors rotated out of safety plays and into higher-growth names. Zoom, Intuit, Roblox, and DoorDash also ran out of steam, opening higher but running into sellers
