US stock markets climb as tech and chip stocks surge

On Friday, July 10, 2026, U.S. equity indexes posted gains. The Dow Jones Industrial Average rose roughly 0.3% to around 52,500–52,640 points, the S&P 500 increased about 0.4%–0.8% to roughly 7,540–7,575 points, and the Nasdaq Composite gained 0.3%–1.3% to near 26,200–26,300 points.

Technology and semiconductor shares led the rally. Nvidia added about 4%, while Meta Platforms jumped close to 6% on the day and posted a weekly gain of about 15% after a Bank of America buy recommendation. Chip makers also performed strongly: Micron Technology’s stock rose more than 200% year‑to‑date, and South Korean memory supplier SK Hynix debuted on Nasdaq with a surge of roughly 13% above its offer price. Analysts noted that rising geopolitical tension in the Middle East was offset by the optimism surrounding chip and AI‑related stocks, supporting the market’s positive momentum.