--- title: "June 19 closing: The three major U.S. stock indexes closed higher, with Intel rising over 10%, leading the chip sector" type: "News" locale: "en" url: "https://longbridge.com/en/news/290242631.md" description: "On June 19, the three major U.S. stock indices closed higher, with the NASDAQ rising 1.91%. Intel surged over 10% due to news of its collaboration with Apple on chip design, leading the chip sector. Despite concerns over interest rate hikes following the hawkish stance of the new Federal Reserve chairman, strong corporate earnings and favorable employment data supported market sentiment, with the expectation of a broad market rally this week" datetime: "2026-06-18T20:19:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290242631.md) - [en](https://longbridge.com/en/news/290242631.md) - [zh-HK](https://longbridge.com/zh-HK/news/290242631.md) --- # June 19 closing: The three major U.S. stock indexes closed higher, with Intel rising over 10%, leading the chip sector On June 19th, Beijing time, the three major U.S. stock indices experienced a recovery rally, with the NASDAQ rising by 1.91%. The previous trading day saw a sell-off in U.S. stocks, as the Federal Reserve signaled the possibility of interest rate hikes within the year. The Dow Jones Industrial Average rose by 72.71 points, an increase of 0.14%, closing at 51,565.26 points; the NASDAQ gained 496.27 points, up 1.91%, closing at 26,517.93 points; the S&P 500 index increased by 77.76 points, a rise of 1.05%, closing at 7,497.86 points. Intel led the chip sector higher, with its stock price soaring by 10%. This followed the announcement by U.S. President Trump that the company would collaborate with Apple on chip design in the U.S. Stocks of semiconductor companies such as NVIDIA and Micron Technology rose by over 2% and 8%, respectively. Robert Conzo, CEO of Wealth Alliance, stated: "In the context of building artificial intelligence infrastructure and AI empowering various industries, the market's optimism for cross-industry collaboration among companies is continuously rising. The collaboration between Apple and Intel can also be seen as a microcosm of future industry cooperation trends." After the first interest rate meeting chaired by new Federal Reserve Chairman Kevin Walsh, concerns about the future direction of monetary policy led to a broad decline in U.S. stocks on Wednesday. The Federal Reserve's dot plot indicates that among the 18 policy committee members, 9 expect the Fed to raise interest rates by 2026. The uncertainty surrounding this policy forecast has increased, as Walsh chose not to submit personal interest rate expectations. However, the new chairman emphasized the need to achieve price stability multiple times during the press conference, leaning towards a hawkish stance. Conzo added: "Although there is uncertainty in the market, the fundamentals are supported by multiple positive factors: strong corporate earnings reports, better-than-expected May non-farm payroll data, and recent retail sales data." Due to the shortened trading days this week because of the holiday, U.S. stocks are expected to close higher across the board. 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