S&P 500 ends lower; chips tumble and Moderna rallies
By Noel Randewich and Joel
Jose
Fri June 26, 2026
It was a pretty mellow day with all three indexes staying relatively close to flat after the volatility of the past few sessions, though both the Dow and Nasdaq showed moderate 3-digit gains by noon before declining to modest losses by close. Today’s expert summed it up, “It’s too early to conclude that there’s a major correction brewing in tech, but what I would say is that the questions around profitability and the capex story are certainly not going away.”
Wall Street could be vulnerable to signs that U.S. companies may not be able to deliver on investors’ high earnings expectations. The chip index fell 5.3%. The Dow benefitted by healthcare companies like Moderna taking off. After hitting a record low last month, consumer sentiment rebounded somewhat though households remain worried about high prices. Though the charts are somewhat mellow, volume was quite heavy at 30.1 billion shares traded vs the 4-week average of 23.1 billion.
DJ: 51,920.62 +71.72 NAS: 25,358.60
-118.03 S&P: 7,357.49
-0.73 6/25
DJ: 51,876.11 -44.51 NAS: 25,297.62
-60.99 S&P: 7,354.02
-3.47 6/26
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