Dow Closes Above 52,000 for First Time as Alphabet Jumps Nearly 5% on Debut
Updated
Updated · CNBC · Jun 28
Dow Closes Above 52,000 for First Time as Alphabet Jumps Nearly 5% on Debut
3 articles · Updated · CNBC · Jun 28
Summary
52,182.74 marked the Dow’s first close above 52,000, with the index rising 306.63 points as Alphabet joined the blue-chip average.
Alphabet climbed nearly 5% in its first Dow session, helping power a broader rally that lifted the S&P 500 1.18% and the Nasdaq 2.07%.
Semiconductor shares added momentum after an early dip reversed: the VanEck Semiconductor ETF gained more than 3%, led by Astera Labs up about 16%, KLA roughly 12% and Applied Materials almost 11%.
Comcast rose 4.4% after unveiling plans to split its media and tech businesses into two public companies, with the separation expected in about a year.
The advance came in a holiday-shortened week and after a U.S.-Iran pause in hostilities reopened Strait of Hormuz traffic, though oil still climbed, with Brent at $73.15 and WTI at $70.75.