Dow Green This Week, Nasdaq Down 4%, and Microsoft Doing All the Work Today

1 hour ago 4

Anders Bylund, The Motley Fool

Fri, June 26, 2026 astatine 12:06 PM CDT 4 min read

The Dow Jones Industrial Average (DJINDICES: ^DJI) is the lone large scale successful the greenish this week. At midday Friday, it was up astir 0.3% for the time and 1% for the week. The S&P 500 (SNPINDEX: ^GSPC) hovered adjacent breakeven connected the time but was down 1.5% for the week. The Nasdaq Composite (NASDAQINDEX: ^IXIC) scale fell 0.5%, extending its play nonaccomplishment to 4%.

Friday's league captured the week successful miniature. Microsoft (NASDAQ: MSFT) roseate astir 5%, doing the dense lifting crossed each 3 large indexes. Space Exploration Technologies (NASDAQ: SPCX) swung from down 2% astatine the unfastened to up 2.3% by noon connected Starlink mobile-service buzz. And Micron Technology (NASDAQ: MU), caller disconnected Thursday's 16% net rocket, came backmost to world with a 4% terms drop.

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^DJI information by YCharts

Microsoft carries the load

Microsoft roseate 4.9% connected Friday, adding 107 points to the price-weighted Dow scale and $136 cardinal to its ain marketplace cap. That summation rippled crossed each 3 indexes, since Microsoft ranks among the largest holdings successful some the price-weighted Dow and the cap-weighted S&P 500 and Nasdaq Composite indexes.

The Dow needed each spot of that help, arsenic the 2 largest constituent movers were bearish. Caterpillar (NYSE: CAT) went from an all-time precocious connected Thursday to a 4.1% driblet connected Friday, dragging the scale down by 270 points. Goldman Sachs (NYSE: GS) fell 2.8% for different 182-point hit. Together, those 2 stocks astir erased the Dow's play summation successful a azygous session. And neither had important quality to share; the terms drops reflected Caterpillar's and Goldman's sensitivity to macroeconomic affairs, on with their combined Dow weighting of 25.1%.

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While tech stocks grabbed headlines, lipid kept sliding. The United States Oil Fund (NYSEMKT: USO) dropped 4.1% connected Friday arsenic Brent crude slipped to astir $73 per barrel, approaching levels not seen since earlier the Iran struggle began successful precocious February.

Traders are betting that much Iranian lipid volition scope planetary markets soon. Ship postulation done the Strait picked up to 62 transits successful the past 24 hours, inactive fractional the mean rate, with 320 vessels waiting their turn. It's progress, albeit slow.

The declining lipid terms explains immoderate of Caterpillar's reversal. Heavy instrumentality request ties intimately to energy-sector superior spending, and cheaper crude signals little drilling enactment ahead. Goldman Sachs and different large banks fell alongside broader risk-off sentiment, adjacent though the fiscal assemblage passed Federal Reserve accent tests earlier successful the week.

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