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Jun 24, 2026

Wall Street rebounds from Fed sell-off over interest rates, ends week on high note

Dow jumps 180 points as Wall Street tries to recover from Fed sell-off over interest rates, inflation fears Email New York Post Read the Latest on Page Six

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Wall Street rebounds from Fed sell-off over interest rates, ends week on high note

By Taylor Herzlich Published June 18, 2026 Updated June 18, 2026, 4:27 p.m. ET

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Stocks rose Thursday as Wall Street tried to recover from a sell-off the previous day, when Fed Chair Kevin Warsh came out with a tough, anti-inflation stance that spooked investors hoping for interest-rate cuts.

The Dow Jones Industrial Average gave up early gains to finish up just 0.1%, while the S&P 500 and Nasdaq increased 1.1% and 1.9%, respectively. All three indexes rose for the week, with the Nasdaq up more than 2%. Markets are closed Friday in observance of the Juneteenth holiday.

Intel was a bright spot in the markets, soaring 11% after President Trump said the tech giant will partner with Apple to design and build chips in the US.

A trader looking at a tablet in front of large screens displaying stock prices at the New York Stock Exchange.
Stocks rose Thursday morning as Wall Street tried to recover from a sell-off the previous day. Getty Images

Santa Clara, Calif.-based Intel has seen its stock rise fourfold since the US government announced a 10% stake in the storied chipmaker last August.

Other semiconductor stocks rose on Trump’s announcement, with Nvidia and Micron Technology jumping 3% and 8.7%, respectively.

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Due to soaring demand from power-hungry data centers, prices for chips have been on the rise — making investors eager for an influx of American chips.

Apple is planning to raise prices on its products to offset the surging costs, the company’s CEO Tim Cook told The Wall Street Journal.

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