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Stock market today: Dow, S&P 500, Nasdaq waver after record-setting session
Amalya Dubrovsky and Karen Friar
Updated Tue, June 30, 2026 at 6:33 AM PDT2 min read
US stocks barely budged on Tuesday after a record-setting start to the week, as investors assessed a remarkable run-up in chip stocks in the first half of the year and the dollar's growing strength.
The Dow Jones Industrial Average ( ^DJI) rose 0.1% after the blue-chip benchmark closed above 52,000 for the first time on Monday. The S&P 500 ( ^GSPC) and the tech-heavy Nasdaq Composite ( ^IXIC) also nudged about 0.1% higher after a rally in tech stocks fueled sharp gains.
52,153.08 -29.66 (-0.06%)
As of 9:45:06 AM EDT. Market Open.
^DJI^GSPC ^IXIC
Investors are heading into the last trading day of the second quarter and first half of 2026 buoyed by a Supreme Court ruling that left Federal Reserve independence intact, for now, and by the prospect of potential US-Iran peace talks in Qatar starting Tuesday.
At the same time, oil flows through the Strait of Hormuz are recovering faster than expected, prompting a shift from fears of crude shortages to warnings of a looming glut. Oil prices continued to fall, poised for a quarterly drop with Brent ( BZ=F) futures trading at $74 a barrel and WTI futures ( CL=F) above $71.
The relentless rise in the dollar was also worrying Wall Street, as it pushed the yen to a 40-year low, prompting talk of intervention by Japan. HSBC warned the greenback's rally could become "explosive" if the Federal Reserve hints it's prepared to tighten policy
A JOLTS reading on job openings in May due later Tuesday is likely to feed into bets on Fed interest rate hikes this year, as could a Conference Board update on consumer confidence. The labor data sets the stage for Thursday's June jobs report.
On the corporate front, Nike ( NKE) is expected to report its quarterly results on Tuesday, coming at a challenging time for the sportswear maker.
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