EL7.AI
StocksMediumUpdated•Originally published 30 June 2026•Updated 30 June 2026•
1 min read

Nasdaq Closes Sharply Higher, Capping Strong First Half of 2026

Key Facts

1The Nasdaq is on track to gain 20% in the current quarter.
2The S&P 500 is set to log its best quarterly performance since 2020.

The Nasdaq closed sharply higher at the end of the first half of 2026, confirming the sustained momentum in U.S. markets. U.S. stocks capped off a strong first half, according to market data. Earlier reports had indicated the Nasdaq was on track for a 20% quarterly gain.

The gains were supported by encouraging U.S. economic data during the second quarter: the Services PMI rose to 51.3 in June, and personal spending increased 0.7% month-over-month. However, durable goods orders fell 4.5%, highlighting sector divergence.

Investors are now digesting the Federal Reserve's bank stress test results released in late June, along with the policy outlook. Markets are also awaiting the start of Q2 earnings season in July, which could set the tone for indices in the second half.