[New York Stock Market] Semiconductor Stocks Surge on Intel-Apple News... Indices Rise Across the Board

Crude Oil Prices Decline Across the Board

As news broke that Intel and Apple would be collaborating on semiconductor design and production, the three major U.S. stock indices showed upward trends on June 18 (local time).

As of 10:15 a.m. on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average was up 144.08 points (0.28%) from the previous trading day at 51,636.62. The S&P 500, which is focused on large-cap stocks, rose 61.60 points (0.83%) to 7,481.10, while the tech-heavy Nasdaq climbed 274.95 points (1.07%) to 26,298.86.

On this day, U.S. President Donald Trump announced the semiconductor partnership agreement between Apple and Intel, and semiconductor stocks are leading the indices as a result.

President Trump revealed on Truth Social that Apple had agreed to work with Intel to design and produce chips in the United States. He further emphasized, "The technology the world depends on was invented in the United States," adding that semiconductor production should also take place within America.

Earlier, The Wall Street Journal reported that Apple had reached a preliminary agreement to entrust part of its in-house chip production to Intel. In response, Intel shares rose 7.75%, Apple 1.08%, Micron 6.14%, and Nvidia 1.72%.

On the previous day, during the first Federal Open Market Committee (FOMC) meeting led by Fed Chair Kevin Warsh, the central bank held rates steady but maintained a hawkish stance, which caused the market to decline immediately after opening. This was because, among the 18 Fed members who submitted dot plots, 9 projected that the benchmark interest rate would be raised at least once this year.

Sonu Varghese, Chief Macro Strategist at Carson Group, commented, "The Fed kept rates unchanged, but presented a much more hawkish dot plot, which dampened sentiment." He added, "The more important point is that inflation remains a problem, and that policy still appears accommodative given the economic situation in which the labor market is stabilizing."

Meanwhile, on the New York Mercantile Exchange, West Texas Intermediate (WTI) crude for July delivery was trading at $73.94, down 3.71% from the previous session. On the ICE Futures Exchange, Brent crude was at $77.14, a decrease of 3.03% from the previous session.

This content was produced with the assistance of AI translation services.