The Dow Jones Industrial Average closed above 52,000 for the first time on Monday, June 29, rising 306.63 points, or 0.59%, to 52,182.74. Alphabet (GOOGL) climbed nearly 5% in its first session as a Dow member after replacing Verizon, according to BeInCrypto, while semiconductor stocks also rallied.
The S&P 500 rose 1.18% to 7,440.43 and the Nasdaq Composite gained 2.07% to 25,820.14. The VanEck Semiconductor ETF rose more than 3%, led by Astera Labs, KLA and Applied Materials. The US and Iran agreed to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely.