On Wall Street, the three major stock indexes opened higher on strong results from Micron Technology, steady inflation gauges, and an upward revision to U.S. first-quarter growth.
On the 25th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed up 325.73 points, or 0.63%, at 52,174.63. The Standard & Poor's (S&P) 500 rose 0.61% to 7,403.41 from the previous session, and the Nasdaq gained 0.59% to 25,625.90 at the close.
Fears over Micron's earnings eased during the session, lifting semiconductor names. Micron surged 19.18%, while Qualcomm (9.41%), SanDisk (19.05%), Western Digital (9.70%), and Seagate Technology (10.25%) also climbed across the board. The Philadelphia Semiconductor Index rose 5.10%.
Inflation gauges also supported sentiment. According to the U.S. Commerce Department, the core personal consumption expenditures (PCE) price index for May rose 0.3% from the prior month, in line with market expectations. The headline PCE price index increased 0.4%, below the 0.5% forecast.
Growth was also revised higher. The final reading of U.S. first-quarter real gross domestic product (GDP) increased at a 2.1% annualized rate from the prior quarter, topping the advance estimate of 1.6%.
Markets noted that expectations for the AI investment cycle have strengthened again. Daniela Hawthorn, senior market analyst at Capital.com, said, "Micron's results provided confidence that the AI investment cycle remains solid," adding that they "lifted investment sentiment across the semiconductor sector."
By sector, technology and industrials rose, while consumer goods and energy lagged.
Among individual stocks, Bio-Techne jumped 19.24% on news of an acquisition agreement by Merck (KGaA). IBM gained 0.66% after unveiling sub-1-nanometer semiconductor technology. Dollar Tree fell 1.47% on news of a block deal by a major shareholder.
European stocks also extended gains. The Euro Stoxx 50 rose 0.83% to 6,266.20, and the U.K.'s FTSE 100 (0.75%), France's CAC 40 (0.49%), and Germany's DAX (0.94%) all advanced.
Global oil prices fell. West Texas Intermediate (WTI) for August 2026 delivery slipped 0.34% to $70.00 a barrel.