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Pakistan announced June 18 that the U.S.-Iran MOU means Tehran will reopen the Strait of Hormuz "as soon as possible" and the U.S. naval blockade of Iranian ports lifts immediately. WTI crude dropped ~4% to $72.99, dragging energy stocks lower even as the broader market rallied.
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All three major indexes rebounded on June 18, with the Russell 2000 surging 2.12% to pace the rally and recoup a chunk of the prior day's Fed-driven selloff. Triple witching added to the day's volume; energy was the lone sector laggard.
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U.S. semiconductor stocks whipsawed in June: a brutal early-month selloff wiped out more than $1 trillion in market cap, a sharp rebound followed, then faded just as fast. Nvidia has been fighting to hold the $5 trillion mark ever since.
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Kroger (KR) reports Q1 fiscal 2026 results on June 18, with Wall Street watching whether same-store sales stay within guidance and EPS keeps its beat streak alive.
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Accenture (ACN) reports fiscal Q3 2026 results before the open on June 18. With the stock off 37% year-to-date and options pricing in a ~7% swing, all eyes are on AI consulting revenue, margins, and bookings.
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U.S. retail and food service sales hit $763.7 billion in May, jumping 0.9% month-over-month — nearly twice the 0.5% consensus. Gains were broad-based, though economists caution that tax-refund tailwinds are already fading.
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The Dow set its third consecutive intraday record on June 17 before reversing sharply after the Fed's hawkish dot plot signaled rate hikes ahead. All three major indexes closed deep in the red.
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Kevin Warsh chaired his first Fed meeting and kept rates at 3.5%–3.75% — but the real story was a dot plot that erased expected cuts and now leans toward a hike, paired with a stripped-down 130-word statement and the death of forward guidance.
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Boeing surged ~4.5% on June 16 after a U.S.-brokered Middle East peace deal triggered a 5%+ oil price drop — cheaper fuel means healthier airline margins, and healthier airlines buy more planes. Here's how the transmission mechanism works.
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Snap unveiled its Specs AR glasses at $2,195 — triple the price of Meta's Ray-Ban smart glasses — and the market wasn't impressed. SNAP closed down 9.72% on June 16 as investors balked at the steep price tag.
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Lionsgate Studios (LION) jumped nearly 14% on June 16 after rumors swirled that it could be a takeover target. Netflix and Fox have since denied any acquisition plans.
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Fox beat out Netflix in the race for Roku at roughly $160 a share — a ~$22B deal — leaving NFLX down 3.61% on Tuesday. The same day, Netflix also denied rumors it was pursuing Lionsgate.