Technology Stocks Lead Strong Rebound in US Markets, Semiconductor Index Up Nearly 4%, MSTR Surges Over 12%

BlockBeats News, June 30th, US tech stocks rebounded strongly on Monday, leading to a broad-based rally in the stock market. According to Bitget data, the US stock market closed higher on Monday, with the Dow rising by 0.59%, the S&P 500 rising by 1.18%, and the Nasdaq rising by 2.07%. Most popular tech stocks saw gains, with Tesla up over 8%, SpaceX up over 7%, and Google up over 4%.

The semiconductor sector saw widespread gains, with the Philadelphia Semiconductor Index up by 3.83%, Lam Research up more than 11%, Applied Materials up more than 10%, TSMC up more than 5%, ASML up nearly 5%, Marvell Technology Group (MRVL) up over 4%, and AMD up more than 3%.

The storage sector also saw gains, with Western Digital (WDC) up more than 11%, Seagate Technology (STX) up over 7%, Micron Technology up over 1%, after previously falling by over 9%.

Cryptocurrency-related stocks rallied, boosted by a new strategy plan, with MSTR up 12.6%, STRC up 12.2%. In addition, CRCL was up 3.25%, and HOOD was up 3.18%.