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US Stocks Rise; Nvidia Up, Concentrix Plummets, SpaceX Joins Nasdaq-100

6/30/2026

50 10 Full Breakdown

Summary

Story summary

U.S. stocks rose: Dow up 242.26 points to 52,118.37, S&P 500 up 57.17 to 7,411.19, Nasdaq up 345.87 to 25,641.58.
Nvidia gained 1.8% while Concentrix dropped 17.3% after missing estimates, showing cooling AI stocks.
SpaceX shares rose 2.3% after Nasdaq said the firm will join the Nasdaq-100 on July 7.
Traders expect at least one Federal Reserve (Fed) rate hike this year as June jobs data near, per LSEG.

History

Historical Context

Nvidia’s 1999 IPO, priced at $12 per share and raising $42 million, sparked a tech-stock rally that foreshadowed the GPU-driven AI boom. By summer 2022 CoreWeave spent roughly $100 million on Nvidia H100 chips, and Nvidia reinvested $100 million in CoreWeave in April 2023, illustrating how the early stock surge seeded today’s AI infrastructure surge. The trend continues with Nvidia’s $2 billion investment in CoreWeave in January 2026.

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Story summary

U.S. stocks rose: Dow up 242.26 points to 52,118.37, S&P 500 up 57.17 to 7,411.19, Nasdaq up 345.87 to 25,641.58.
Nvidia gained 1.8% while Concentrix dropped 17.3% after missing estimates, showing cooling AI stocks.
SpaceX shares rose 2.3% after Nasdaq said the firm will join the Nasdaq-100 on July 7.
Traders expect at least one Federal Reserve (Fed) rate hike this year as June jobs data near, per LSEG.

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