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Down Jones Up, S&P 500 and Nasdaq Down | Closing Bell

Watch on YouTube ↗  |  June 25, 2026 at 20:40  |  9:26  |  Bloomberg Markets
Speakers
Carol Massar — Anchor, Bloomberg
Mandeep Singh — Senior Analyst, Bloomberg Intelligence
Katie Greifeld — Anchor, Bloomberg
Romaine Bostick — Anchor, Bloomberg

Summary

U.S. stocks closed mixed with the Dow slightly up, S&P 500 nearly flat, and Nasdaq lower. AI-driven earnings from Micron and Qualcomm boosted chip stocks, while Apple fell on tariff-related price hikes raising demand concerns. Airlines rallied on easing US-Iran tensions, and geopolitical risk resurfaced with an oil tanker incident. MicroStrategy and Bitcoin dropped on fears its buying spree may stall.

  • Dow up, S&P 500 flat, Nasdaq lower at the close
  • Micron surged 15% after strong AI-fueled sales forecast; Qualcomm rose on $15B AI data center sales target
  • Apple dropped sharply on price hikes of 15-20% on devices, sparking demand destruction fears
  • Philadelphia Semiconductor Index rallied 3.6% led by memory and AI chip names
  • Airlines and JETS ETF extended gains, reaching multi-year highs on easing Iran tensions
  • Oil spiked briefly after a ship was hit in the Strait of Hormuz
  • MicroStrategy sank 9% as doubts grew about its ability to keep buying Bitcoin
Ideas
Carol Massar Anchor, Bloomberg 3:18
AI-fueled memory boom driving record high
Micron's quarterly sales forecast exceeded Wall Street estimates, driven by AI-fueled growth. The company secured 16 strategic customer agreements, signaling it can mitigate boom-bust cycles in memory chips. The stock surged to a record and is up 328% year-to-date.
MU HIGH
Carol Massar Anchor, Bloomberg 4:08
Data center AI component sales triple by 2029
Qualcomm forecast annual sales of more than $15 billion from AI components in data centers by fiscal 2029, indicating strong future revenue growth driven by AI demand. The stock rallied sharply and closed higher.
QCOM HIGH
Carol Massar Anchor, Bloomberg 4:55
Easing Iran tensions lift airline stocks
Airlines have rallied five days in a row, with the S&P Super Composite Airlines index up 13% in that period. The U.S. Global Jets ETF (JETS) hit its highest since September 2018, outpacing the S&P 500 year-to-date. The move is attributed to easing tensions between the U.S. and Iran and lower energy prices, though the situation is not fully resolved.
JETS MED
Mandeep Singh Senior Analyst, Bloomberg Intelligence 6:44
Price hikes causing demand destruction
Apple hiking prices on Vision Pro, iMacs, iPads, and other home devices by 15–20% due to memory chip shortages will cause demand destruction, because selling the same products at much higher prices will reduce unit sales.
AAPL MED
Katie Greifeld Anchor, Bloomberg 8:04
Bitcoin buying machine seizing up
Fears are growing that MicroStrategy's bitcoin buying machine is beginning to seize up, fueling the latest leg of bitcoin's sell-off. MicroStrategy shares fell 9.4% as the company's ability to keep accumulating Bitcoin comes into doubt.
MSTR MED
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This Bloomberg Markets video, published June 25, 2026, features Carol Massar, Mandeep Singh, Katie Greifeld discussing MU, QCOM, JETS, AAPL, MSTR. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Carol Massar, Mandeep Singh, Katie Greifeld  · Tickers: MU, QCOM, JETS, AAPL, MSTR