On June 19, the resumption of the peace agreement between the US and Iran reopened navigation in the Strait of Hormuz, boosting US stocks. According to Bitget data, the Dow Jones closed up 0.14%, the S&P 500 rose 1.09%, and the Nasdaq increased by 1.91%. Chip stocks led the gains, with the Philadelphia Semiconductor Index rising 6.4% in a single day, reaching an all-time high. Intel (INTC) surged 10.64% after US President Trump announced a partnership between Apple and Intel. KLA Corporation (KLAC) rose 8.73%, Marvell Technology (MRVL) increased by 7.27%, Taiwan Semiconductor Manufacturing Company (TSM) was up 6.94%, and Qualcomm (QCOM) gained 6.17%. Optical communication stocks also performed well, with Astera Labs (ALAB) rising 11.31%, Corning (GLW) up 11.13%, Credo (CRDO) increasing by 9.02%, and Coherent (COHR) gaining 2.83%. The storage sector also showed strong performance, with SanDisk (SNDK) up 11.54%, Micron Technology (MU) rising 8.70%, and Western Digital (WDC) increasing by 4.79%. In contrast, SpaceX (SPCX) showed weakness, closing down 3.56%, having at one point dropped by 10% during the trading session.
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