US stocks advanced on Monday as the Dow Jones Industrial Average closed above 53,000 for the first time, while a rebound in semiconductor shares helped the Nasdaq recover from last week’s pressure. All three major indexes finished higher as investors weighed AI demand, US policy signals and steady services data.
DJI – 1 Day Chart
Market Snapshot
The Dow Jones Industrial Average (DJI) rose 155.84 points, or 0.29%, to 53,055.91. The S&P 500 (SPX) added 0.72% to 7,537.43, while the Nasdaq Composite (IXIC) gained 1.12% to 26,121.16.
The Dow crossed 53,000 shortly after the opening bell and held the level into the close. The move extended Wall Street’s recent momentum after a strong prior week, though gains remained concentrated in technology and AI-linked names.
Chip Rebound
Semiconductor shares led the day’s advance after a weak stretch. The VanEck Semiconductor ETF (SMH) rose 2.3% in morning trade, while the iShares Semiconductor ETF (SOXX) was up more than 3% by midday.
Marvell Technology (MRVL) gained 4.1%. Teradyne (TER), KLA (KLAC), Lam Research (LRCX) and Intel (INTC) also rose more than 3%. Advanced Micro Devices (AMD) climbed almost 8% after Goldman Sachs lifted its price target.
Policy And Data
President Donald Trump rang the opening bell for the New York Stock Exchange and Nasdaq from the Oval Office, using the event to promote Trump Accounts, a government programme offering children a $1,000 seed contribution. More than 6 million families have signed up, according to CNBC.
Dell Technologies (DELL) rose about 4% after Trump promoted the company’s computers at the White House.
The Institute for Supply Management’s services PMI slipped to 54 in June from 54.5 in May, narrowly below expectations. Employment returned to expansion, while the prices index stayed elevated at 67.7, keeping inflation and Federal Reserve policy in focus.
Corporate Movers
Microsoft (MSFT) fell more than 1% after announcing 4,800 job cuts, equal to about 2.1% of its workforce. Its Xbox unit is set for deeper reductions as the company seeks to control costs during heavy AI investment.
DataDog (DDOG) dropped more than 2% after Bernstein downgraded the stock to market perform, citing concern that growth could slow later this year.
TeraWulf (WULF) jumped more than 16% premarket after Anthropic signed a 20-year deal to use its Kentucky data centre, which is expected to support about 400 megawatts and generate more than $19 billion in initial-term revenue.
Outlook
Oppenheimer’s John Stoltzfus said “there’s upside to equities ahead”, while warning that volatility could return as investors assess earnings, interest rates and policy risk.
Traders will next watch semiconductor demand signals, upcoming corporate earnings and whether elevated service-sector prices alter rate expectations. They will also monitor Washington trade policy, oil supply after OPEC+ agreed another production increase, and geopolitical risks tied to Russia and Ukraine.
