Daily market recap for Tuesday, June 30, 2026
📈 The S&P 500 posted its biggest quarterly gain since 2020, while the Nasdaq logged its strongest quarter in five years, capping one of the strongest rallies in recent history.
🖥️ AI chip stocks added nearly $2 trillion in market value during Q2, led by Micron, AMD, and Intel, as semiconductor stocks grew to a record 19.7% of the S&P 500.
🇰🇷 SK Hynix filed for a U.S. Nasdaq listing under the ticker SKHY, bringing one of the world's largest AI memory chipmakers closer to U.S. investors.
🤖 Anthropic launched a new AI drug discovery program, expanding its push into healthcare and pharmaceutical research.
🥇 Gold is headed for its worst quarter in 13 years, with global gold ETFs recording record weekly outflows, as investors continue rotating into risk assets.