There is no US stock market holiday scheduled for June 26, 2026, despite some international markets being closed for Muharram. According to reports from Goodreturns, while Muharram is celebrated globally by Muslims, it is not considered a stock market holiday in the USA. The US stock market follows a different pattern of holidays compared to other countries, focusing primarily on national holidays and Christmas-related occasions.
US stock markets showed mixed performance on Thursday, with the Dow Jones Industrial Average closing at 51,920.62, up 71.72 points or 0.14%. The S&P 500 ended at 7,357.49, marginally down with a dip of less than 0.1% after swinging between gains and losses throughout the day. The Nasdaq Composite 100 index finished at 25,358.60, declining 118.03 points or 0.46%, marking the fourth consecutive decline for the technology-heavy index. As per Business Standard, the S&P 500 finished nearly unchanged with a dip of less than 0.1% after several artificial-intelligence stocks veered back up their roller-coaster ride.
Artificial intelligence stocks experienced a significant rebound, with Micron Technology helping lead the market after jumping 15.7%. According to Business Standard, Qualcomm rose 3.8% after the company said late Wednesday that the acceleration of the AI era is forcing it to upgrade forecasts for its own growth in upcoming years. Qualcomm expects its revenue outside of handsets including data centers, to hit $40 billion in its fiscal year of 2029, roughly double its prior target. This marked the latest signals of the deluge of dollars heading into AI data centers and other investments, as AI stocks had been under pressure recently due to worries that their profits can't keep pace with tremendous stock price rallies.
Apple fell after raising prices for many of its products, including increases of 15% to 20% for Mac computers. As per Business Standard, Mac computers slumped 6.1% following the price hike announcement. The technology giant's stock decline contributed to the broader market weakness, particularly impacting the technology sector that had previously shown divergence with semiconductor stocks surging on strong earnings.
A report mentioned that a measure of inflation hitting U.S. consumers accelerated to 4.1% last month from 3.8% in April, but the hope is that inflation is set to ease because of a drop-off in oil prices. According to Business Standard, Treasury yields eased to lessen the pressure on stocks and other investment prices, with the yield on the 10-year Treasury slipping to 4.39% from 4.41% late Wednesday and from 4.56% earlier this month. Additionally, energy markets extended their decline as continued progress in Middle East peace talks reinforced expectations of a more stable supply environment, with the price for a barrel of Brent crude oil rising 2.2% to $75.50.
