Merchants work on the New York Inventory Alternate on June 29, 2026.
NYSE
Inventory futures have been combined on Sunday evening following a powerful week on Wall Avenue that drove the Dow Jones Industrial Common to file highs.
Futures tied to the 30-stock benchmark slipped 28 factors, 0.1%. S&P 500 futures gained 0.4%, whereas Nasdaq-100 futures superior 1.3%.
The Dow climbed almost 2% final week, placing it inside placing distance of 53,000, a degree it has by no means reached. The S&P 500 and Nasdaq Composite additionally posted sharp positive factors final week, advancing 1.8% and a pair of.1%, respectively.
These positive factors got here whilst semiconductors — the power behind lots of the market’s positive factors this yr — faltered final week, with buyers paring publicity to chipmakers and rotating into different sectors. The VanEck Semiconductor ETF (SMH) shed 3.2%, marking its second dropping week in a row.
“The broadening in sector rotation is an enormous constructive, with Financials, Healthcare, and Industrials all closing at new weekly all-time highs this week and greater than offsetting the consolidation in Semis,” wrote Mark Newton, head of Technical Technique at Fundstrat. “Whereas the Semi decline is a short-term headwind that favors proudly owning different sectors whereas it settles, it has not dented the broader indices.”
Newton expects the S&P 500 to achieve 8,000 by mid-August. The benchmark closed final week at 7,483.24, about 7% under the 8,000 mark.
Merchants this week will flip their eyes to the Federal Reserve, with the minutes of the June assembly — the primary led by new Chairman Kevin Warsh — due Wednesday.
