Nasdaq Leads U.S. Market Rally on Semiconductor Surge

U.S. stock markets trended higher on July 6, 2026, as investors returned from the Independence Day holiday. The tech-heavy Nasdaq led the gains, rebounding from a June slump and rising by as much as 1.3 percent, while the S&P 500 increased by 0.7 percent. The Dow Jones Industrial Average showed more volatility, fluctuating near 53,000 and reaching a record high during the session before finishing slightly lower in some reports.

Broadcom Inc. drove much of the tech rally after announcing long-term silicon supply agreements with Apple Inc. extending through 2031. Other contributors to the artificial-intelligence surge included TeraWulf, which secured a 20-year data center deal with Anthropic, and reports of strong quarterly sales from Hon Hai Precision Industry. Tesla also supported the mood by expanding its robotaxi service into Miami.

Market activity was tempered by Microsoft Corp., whose shares declined after the company announced layoffs of approximately 4,800 employees. Investors are now awaiting the release of Federal Reserve minutes on Wednesday to gauge interest rate directions under Chair Kevin Warsh, following soft June nonfarm payroll data showing an increase of only 57,000 jobs.

Other notable developments included the addition of SpaceX to the Nasdaq-100 and plans for SK Hynix to raise $28 billion to $29 billion via a U.S. stock offering later in the week. In commodities, Brent crude prices slipped after OPEC+ voted to expand production by 188,000 barrels per day in August and reports surfaced regarding optimistic U.S.-Iran peace talks.