US stock market review 2026/6/26 The index has rebounded slightly, but the real market trend is only in storage, and the following effect of other AI semiconductor chains is average Today, the surface of the US stock market was repaired. SPY rose 0.14% to close at 734.30, QQ rose 0.81%, and IWM rose 0.75% The rebound of semiconductor ETFs is more obvious, with SOXX rising 3.94%, but today's real main line is only one: storage MU rose 15.74%, with a trading volume of 46.42% above 20 days, SNDK rose 21.97%, with a trading volume of 35.62% above 20 days These two tickets directly lifted the semiconductor ETF, so today's SOXX rise cannot be simply understood as a comprehensive recovery of semiconductors. It is a significant reversal of storage lines, driving the repair of chip ETFs Because the internal differentiation of semiconductors is actually very serious, NVDA fell by 1.64%, AVGO fell by 0.83%, DELL fell by 5.67%, HPE fell by 4.16%, and MRVL increased by 1.65%, but the daily volume was lower than 46.53% in 2020. In other words, AI core chips, server hardware, and AI infrastructure did not strengthen synchronously, and only MAMericaNDK was truly strong However, it should be noted that today's rise is very intense, with MAmericaNDK experiencing double-digit increases and rebounding in high volumes. This indicates strong buying, but also high volatility Software still weak, IGV drops 1.64% CRM fell by 1.68%, NOW fell by 4.56%, and SNOW rose slightly by 0.49%. Previously, we observed that software had some funding support, but it did not continue today. This indicates that funds have not really switched from AI hardware to AI application layer, and software is still a weak direction M7 is also very poor MSFT fell 3.46%, AMZN fell 3.10%, META fell 2.65%, and GOOG fell 0.83%. Both MSFT and AMZN have significantly higher trading volumes than the 20 day average This indicates that large-scale technology still has real selling pressure, and high storage profits are a greater capital expenditure for large-scale technology At the sector level, today is not a typical technology market either Among the 11 major sectors, Industrial XLI rose 2.17%, Medical XLV rose 1.49%, Materials XLB rose 1.33%, Energy XLE rose 0.97%, Technology XLK rose 0.83%, ranking fifth only. Optional Consumer XLY fell 1.49%, and Communication XLC fell 0.90% This indicates that the market is rebounding on the surface, but the truly strong ones are in the industrial, medical, and materials directions, while technology is only supported by storage internally macro level The yield of 10-year US Treasury bonds is about 4.392%, lower than a few days ago The US dollar index fell slightly to 101.459 WTI crude oil rebounds slightly by 1.75% Gold up 1.09% VIX has slightly increased to 18.89 The index continues to see adjustments