U.S. Stock Market Closes Mixed on June 25 as Tech Price Hikes Offset Semiconductor Gains

U.S. stock indexes closed mixed on June 25, 2026, with the Dow rising 0.14% while the S&P 500 and Nasdaq fell slightly. Apple and Microsoft declined after announcing price increases to offset higher component costs, while Micron Technology and Qualcomm surged on strong earnings and expanded guidance.

Quick Facts

U.S. stock market closed mixed
Apple announced price increases on MacBooks, iPads, home devices, and Vision Pro
Microsoft announced Xbox console price increases
Micron Technology reported record quarterly earnings with revenue quadrupling year-over-year
Qualcomm announced expansion into data center products

The U.S. stock market ended Thursday, June 25, 2026, with mixed results as weakness in mega-cap technology stocks offset gains in the semiconductor sector. The Dow Jones Industrial Average rose 71.72 points, or 0.14%, to 51,920.62, while the S&P 500 fell 0.73 points, or 0.01%, to 7,357.49, and the Nasdaq Composite declined 118.03 points, or 0.46%, to 25,358.60. The divergent performance reflected tension between companies announcing price increases to offset rising component costs and chipmakers benefiting from strong earnings.

Apple's announcement of price hikes on MacBooks, iPads, home devices, and Vision Pro products drove the company's stock down 6.12% to close at $275.15, with trading volume surging to 106.4 million shares—119% above the three-month average. Microsoft also fell 3.46% following news of Xbox console price increases. These declines in consumer hardware manufacturers reflected investor concerns about whether consumers would absorb higher prices or whether profit margins would be compressed by rising memory and storage costs. Alphabet declined 0.46% as the broader technology sector faced selling pressure.

In contrast, semiconductor stocks rallied on strong earnings and positive outlooks. Micron Technology surged nearly 16% after reporting record quarterly results, with revenue quadrupling year over year and an adjusted gross margin of approximately 85%, exceeding analyst expectations and easing concerns about elevated artificial intelligence valuations. Qualcomm rose about 3.7% after announcing expansion beyond smartphones into data center products, including chips and servers, with targets of $15 billion in new revenues from AI-related opportunities.

Broad market sentiment was also influenced by inflation data released Thursday. The Commerce Department reported that the personal consumption expenditures (PCE) price index rose 0.4% month-over-month in May—slightly below expectations—and 4.1% year-over-year. The core PCE index, excluding food and energy, increased 0.3% month-over-month and 3.4% year-over-year, both in line with forecasts. Treasury yields eased following the report, as the inflation readings suggested the Federal Reserve's preferred measure was behaving as expected.

Among the 11 primary S&P 500 sectors, six ended in positive territory. Industrials led gainers with a 2.19% increase, followed by health care rising 1.49%. Consumer discretionary and consumer staples led decliners, falling 1.78% and 1.08%, respectively. For the week, the S&P 500 was down 1.9%, while the Nasdaq had declined 4.4%; however, year-to-date, the S&P 500 was up 7.5%, the Nasdaq up 9.1%, and the smaller-cap Russell 2000 up 21.2%.

Topics

Technology Business

#Qualcomm #Apple #semiconductor stocks #corporate earnings #memory costs #component costs #Micron Technology #price increases #Microsoft #Nasdaq

Entities

Why This Matters

This session reveals a critical market divergence: while consumer hardware giants struggle with the pricing dilemma—choosing between absorbing rising component costs or passing them to consumers—semiconductor suppliers are thriving on strong demand and margins. For investors, this signals shifting profitability dynamics across the tech supply chain and potential headwinds for consumer electronics makers, even as AI-driven chipmaker prospects strengthen. Inflation data showing a cooling PCE index may provide some relief for Fed rate decisions, but margin pressures on hardware manufacturers could persist.

Timeline & Sources

Jun 25, 2026

Wire

Micron Technology reported record quarterly earnings with revenue quadrupling year-over-year

Jun 25, 2026

Wire

Apple announced price increases on MacBooks, iPads, home devices, and Vision Pro

Jun 25, 2026

Wire

Commerce Department released May PCE inflation data showing cooling trend

Jun 25, 2026

Wire

U.S. stock market closed: Dow +0.14%, S&P 500 -0.01%, Nasdaq -0.46%