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US stocks closed lower on the last day of June with all three major indexes down. The AI-driven Nasdaq rose 18% in the first half of the year, while Nvidia soared 149%.
After hitting a new high, the S&P and Dow fell together, possibly due to Goldman Sachs and JPMorgan bearish on US stocks. Amazon, Google, and Microsoft fell from their recent highs, while most chip stocks rose. However, Nvidia rose 3% before falling 0.4% as the AI hype drove the Nasdaq up 18% and the S&P up 14.5% in the first half of the year.
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AI frenzy sweeps the stock market: S&P 500 rises 15% in the first half of the year.
Despite reduced hope for a rate cut by the Federal Reserve, the S&P 500 index rose 15%. The AI hype continues to drive the stock market with no signs of cooling down.
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