U.S. stocks finished mixed Thursday, with the Dow rising slightly, the S&P 500 nearly flat and the Nasdaq lower. Micron’s strong earnings lifted chip shares, while Apple’s price increases weighed on tech. Softer inflation data helped ease Treasury yields.

U.S. stocks finished mixed Thursday, June 25, as investors weighed stronger chip earnings against weakness in big tech and a cooler inflation reading that helped ease bond yields.

The Dow Jones Industrial Average rose 71.72 points, or 0.1%, to 51,920.62. The S&P 500 slipped 0.73 points, or less than 0.1%, to 7,357.49. The Nasdaq composite fell 118.03 points, or 0.5%, to 25,358.60. The Russell 2000 gained 21.23 points, or 0.7%, to 3,007.86.

Chips helped, Apple hurt

Micron Technology’s stronger-than-expected quarterly profit and revenue gave semiconductor shares a lift and helped support the broader market. The results reinforced investor optimism around AI-related demand for memory chips.

Apple shares fell after the company raised prices on many products, including Mac computers and iPads. The increase in prices, tied to higher component costs, weighed on consumer-tech sentiment and helped drag the Nasdaq lower.

Inflation and yields

A softer-than-expected inflation reading also supported stocks by easing Treasury yields. Lower yields can help equity valuations, especially for growth stocks, though that benefit was not enough to offset the pressure from big tech weakness.

For the week, the S&P 500 was down 1.9% and the Nasdaq was down 4.4%. The Dow was up 0.7% and the Russell 2000 was up 0.9%.

For the year, all four major indexes remained in positive territory. The Russell 2000 was up 21.2%, the Nasdaq 9.1%, the Dow 8% and the S&P 500 7.5%.

Revision note

Initial automated publication.