Stock Market Overview
On June 29, 2026, traders were busy at the New York Stock Exchange.
U.S. stock futures showed little movement following a record close for the Dow Jones Industrial Average on Monday. The Dow futures dipped by 43 points, which is less than 0.1%. Similarly, both S&P 500 futures and Nasdaq 100 futures experienced slight declines, also under 0.1%.
Meanwhile, in the Asia-Pacific region, markets opened higher on Tuesday in response to positive trends from Wall Street the night before. Japan’s Nikkei Stock Average saw a significant increase of more than 1.41%, while the TOPIX gained 0.88%. In South Korea, the Kospi index went up by 1.17%, although the smaller-cap Kosdaq fell by 0.88%. Australia’s S&P/ASX 200 remained mostly flat.
AeroVironment stocks jumped 19% in after-hours trading on Monday. This spike came after the company announced fourth-quarter adjusted earnings of $1.84 per share, with revenue hitting $642 million, surpassing analysts’ expectations of $1.46 per share and $559 million in revenue, according to LSEG.
On Monday, stock prices climbed during regular trading, helped by a ceasefire between the U.S. and Iran. The S&P 500 rose by 1.18%, while the Nasdaq Composite increased by 2.07%. The Dow itself rose by 306.63 points (0.59%), closing above 52,000 points for the first time ever, buoyed by nearly a 5% gain from Alphabet, now part of the “Magnificent Seven.”
“From our perspective, the sentiment is not very positive, which feels counterintuitive, but this may bode well for earnings,” commented Evercore ISI’s senior managing director Julien Emanuel during a segment on CNBC’s “Power Lunch.” He predicted the potential for an expansion in earnings during the large-cap tech earnings season. “We often observe shifts in perspective and positioning at the beginning of the six-month period, and I think the Magnificent Seven could find themselves in a favorable position,” he added.
On Sunday, a U.S. official confirmed that Iran and the U.S. agreed to pause attacks and allow commercial vessels to pass freely through the essential Strait of Hormuz. “Both sides will be on standby, and ships can travel without restrictions for the moment,” the official stated.
As Tuesday morning unfolds, traders will be paying attention to the latest Chicago PMI and Consumer Confidence figures for June, in addition to May’s JOLTS job statistics.
