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Informist, Tuesday, Jul. 7, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end higher as technology cos rise

 

MUMBAI--0709 IST--US stocks closed higher Monday as investors returned to chip and artificial intelligence stocks after the Independence Day holiday Friday. The Dow Jones Industrial Average ended 155.84 points higher and hit an intraday record during the session.

Technology stocks rose. Western Digital gained 7% while Oracle and Teradyne gained 2.5% and 2.8% respectively. Broadcom rose almost 4?ter it agreed to extend a deal with Apple to develop and supply a range of custom chips through 2031. 

 

"Expectations are really high, and so I don't know if you're going to see as much upside in the second half (of the financial year) in these (technology) stocks as we did in the first half," said Anthony Saglimbene, Ameriprise Financial's chief market strategist, according to a CNBC report. "As long as they confirm that fundamentals are strong, then I think they could probably melt a little bit higher."

 

Microsoft fell almost 1?ter it announced it would cut 2.1% of its workforce. The S&P 500 was nearly 1% higher and the NASDAQ Composite gained more than 1%. Dell Technologies gained more than 4?ter US President Donald Trump promoted the company's computers from the White House after he rang the opening bell. 

 

The Dow Jones Industrial Average futures were marginally up while S&P 500 futures traded flat.

 

Following were the closing levels of major US indices Monday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53055.91	0.29
NASDAQ Composite	26121.16	1.12
S&P 500	7537.43	0.72

 

(Deesha Jadhav)

 

US$1 = INR 95.39

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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