Market Indexes Close Out June With a Tech-Fueled Tuesday Rally

The Nasdaq Composite (NASDAQINDEX: ^IXIC) index rose 1.1% by noon ET Tuesday as semiconductor stocks surged, lifting the broader market on the final trading day of June. The S&P 500 (SNPINDEX: ^GSPC) gained 0.6%, while the Dow Jones Industrial Average (DJINDICES: ^DJI) added a modest 0.2%.

Chip stocks dominated the session, with the iShares Semiconductor ETF (NASDAQ: SOXX) climbing 3.6%. The Silicon Valley surge was broad rather than concentrated in a single name. Apple (NASDAQ: AAPL) led the S&P 500 and Nasdaq Composite higher, adding $110 billion in market capitalization on a fairly modest 2.6% gain.

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The Dow's sluggish performance tells a misleading story, though. Honeywell International (NASDAQ: HON) dropped 8.1% after completing its aerospace spinoff on Monday. This mechanical adjustment subtracted 121 points from the index. That's not a vote of no confidence; it's just math reflecting a significant busines

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/market-indexes-close-june-tech-173125133.html)