Story

Big Tech and AI Rally Stalls in June

On The Edge (Monthly)

The technical condition of the market remains mixed. While the Dow Jones, NYSE, Equal-weight S&P 500 (RSP), Philadelphia Semiconductor Index (SOX) and Russell 2000 reached new record highs during the period, the S&P 500, NASDAQ and NASDAQ 100 finished lower, snapping their two consecutive months win streak. The technical indicators reflect this divergence. MACD, a short-term trend gauge, remains in bullish ground for the DJIA, Russell 2000, and Equal Weight S&P 500, while Momentum, as measured by the 14-day RSI, continues to improve for those indexes. In contrast, both the S&P 500 and NASDAQ are exhibiting slowing momentum...

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Market Recap - 07/16/2026

Index Close Day Change Day % Change YTD % Change
NASDAQ COMPOSITE 25881.95 -387.28 -1.47% 11.36%
DJ UTILITIES 1153.08 8.39 0.73% 7.96%
DJ TRANSPORT 22826.6 715.2 3.23% 31.51%
DJ INDUSTRIALS 52552.97 -105.67 -0.2% 9.34%
NYSE COMPOSITE 23952.27 79.74 0.33% 8.85%
S & P 100 INDEX 3717.23 -26.38 -0.7% 8.3%
RUSSELL 2000 2974.57 -1.69 -0.06% 19.85%
S&P 500 7533.77 -38.63 -0.51% 10.05%
CBOE MKT VOLATILITY 16.73 1.06 6.76% 11.91%
AMEX COMPOSITE 7995.89 -85.86 -1.06% 16.44%
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