Major Indexes End the Day Up as Nasdaq and S&P Near Records
02:44 Share

In business, they say you can have better, cheaper, or faster, but you only get to pick two. What if you could have all three? You can with Oracle Cloud Infrastructure. Try OCI for free at oracle.com slash wallstreet. Here's your closing bell brief for Thursday, June 26th. I'm Julia Carpenter for The Wall Street Journal. All three major U.S. stock indexes ended the day up, with both the NASDAQ and S&P 500 closing near record levels.

The Dow Jones Industrial Average gained 404 points to close at 43,387. The S&P 500 advanced 49 points. And the Nasdaq rose 194 points. The U.S. dollar fell to a three-year low earlier in the day after President Trump floated the idea of naming a successor to Federal Reserve Chairman Jerome Powell much earlier than expected.

Meanwhile, the White House had previously set a deadline of July 9th to arrive at trade deals, but today Press Secretary Caroline Leavitt said, quote, the deadline is not critical. More than a dozen nations are rushing to secure deals ahead of the tariffs. In individual companies trading today, JPMorgan Chase stock hit a new intraday peak and was on track to close with a market capitalization above $800 billion for the first time.

Shares ended the day up 1.7%. Amazon.com and Goldman Sachs Group were also among the big gainers. Shares in Amazon advanced 2.4% and Goldman Sachs rose 2.6%. Shell is denying a WSJ report that says it's in early talks to buy rival oil company BP.

Shares in Shell were up 2.2% as shares in BP nudged down 0.1%. Stock in NVIDIA gained 0.5% following the AI chipmaker's record-high close on Wednesday afternoon. The record-high close makes NVIDIA the largest company by market capitalization. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

♪♪♪

NetSuite brings accounting, financial management, inventory, HR into one suite to help you know what's stuck, what it's costing you, and how to pivot fast. If your revenues are at least in the seven figures, download the free e-book, Navigating Global Trade, Three Insights for Leaders at netsuite.com slash wallstreet.