U.S. Stocks Close Higher with All Three Major Indexes Up, Semiconductor Index Hits Record High, Intel Rises Over 10%

BlockBeats News, June 19th, the US-Iran peace agreement reopened the Strait of Hormuz for navigation, boosting the US stock market. According to Bitget data, the US stock market closed on Thursday with the Dow Jones up 0.14%, the S&P 500 up 1.09%, and the Nasdaq up 1.91%.

Semiconductor stocks led the gains, with the Philadelphia Semiconductor Index rising by 6.4% in a single day, hitting a new all-time high. Intel (INTC) rose by 10.64% after US President Trump announced Apple's collaboration with Intel. KLA Corporation (KLAC) rose by 8.73%, Marvell Technology (MRVL) rose by 7.27%, Taiwan Semiconductor Manufacturing Company (TSM) rose by 6.94%, and Qualcomm (QCOM) rose by 6.17%.

Optical communication concept stocks were among the top gainers, with Astera Labs (ALAB) up 11.31%, Corning (GLW) up 11.13%, Credo (CRDO) up 9.02%, and Coherent (COHR) up 2.83%.

The storage sector also performed well, with SanDisk (SNDK) up 11.54%, Micron Technology (MU) up 8.70%, and Western Digital (WDC) up 4.79%.

SpaceX (SPCX), on the other hand, showed a weak performance, closing down by 3.56% and falling by 10% intraday.