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Dow Gains 0.6% as Micron Soars, Chip Stocks Plunge

6/28/2026

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Story summary
  • U.S. stocks closed the week with the Dow up 0.6% and Nasdaq down 4.6% as oil hovered near $69 (WTI) and $72 (Brent).
  • Micron Technology posted revenue more than four times year-over-year, lifting its shares 16% on Thursday.
  • Chip stocks fell over 5% on Friday after OpenAI IPO delay reports, with Nvidia, Broadcom, Intel and Arm down 8.6%-23.9%.