The major US indices are discounting a potential solution to the Iran war and closing higher on the day. The president has vowed to blow up bridges and energy infrastructure starting at 8 PM ET tomorrow night if the Strait of Hormuz is not opened and/or other agreements are reached.
A snapshot of the closing levels shows:
- Dow industrial average rose 165.21 points or 0.36% to 46669.88
- S&P index rose 29.14 points or 0.44% to 6611.83
- NASDAQ index rose 117.16 points or 0.54% to 21996.34.
Some of the top gainers and losers on the day.
Here’s the full sector summary with the complete picture:
Storage & Semiconductors — The most consistent winning sector today. SanDisk (+3.28%), Micron (+3.15%), and Western Digital (+3.11%) all moved in lockstep, strongly suggesting a sector-wide catalyst — possibly positive supply chain news or easing of trade concerns around memory chips. Nebius NV (+3.42%), an AI infrastructure play, added further weight to the hardware theme.
Crypto & Crypto-adjacent — A strong day across the board. Bitcoin Futures hit $69,977 (+3.32%), Grayscale Bitcoin (GBTC) gained 4.08%, and Strategy (MSTR) — which holds Bitcoin on its balance sheet — jumped 6.56%. Clearly crypto sentiment was elevated.
AdTech / AI — Applovin (APP) was the single biggest mover of the day at +6.81%, continuing its remarkable run. This appears to be stock-specific momentum rather than a broad sector move.
Consumer & Food — A split picture. Booking Holdings (+5.02%) and Shake Shack (+3.41%) both had strong sessions, while Celsius (+6.04%) rebounded sharply. On the losing side, GameStop (-1.20%) and Roblox (-4.83%) dragged consumer/entertainment names lower.
Biotech & Pharma — Clearly under pressure. Biogen (-2.82%) and Pfizer (-1.69%) both declined with no names from the sector appearing on the gainers list, pointing to broad sector rotation out of healthcare.
Cloud & Enterprise Software — Weak. Snowflake (-1.66%) and Intuit (-1.22%) both slid, while Ciena Corp (-3.03%) — networking hardware for data centers — saw significant selling, potentially on margin or demand concerns.
EV & Auto — Tesla (-2.15%) continued to face headwinds, likely tied to ongoing demand and brand perception concerns that have weighed on the stock in recent months.
Airlines & Commodities — Mild but notable losses. United Airlines (-1.36%) and Barrick Mining (-1.34%) both pulled back modestly, hinting at some risk-off rotation in macro-sensitive names.
