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AbbVie is acquiring clinical-stage biotech Apogee Therapeutics for $135.11 per share in cash — a 49% premium — betting big on its anti-IL-13 antibody zumilokibart for atopic dermatitis and asthma. Apogee shares surged ~48% premarket Monday.
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A week after its record-breaking IPO, SpaceX (SPCX) tumbled as much as 10% intraday on June 18 before closing down more than 3%, bringing the two-day loss to roughly 8.3%. Analysts point to stretched valuations, profit-taking, a razor-thin float, lock-up concerns, and a cautious macro…
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Accenture cratered 18% on a revenue miss and guidance cut; Kroger slid 8% premarket despite beating the top line; Smith & Wesson surged nearly 20% on a blowout Q4. One earnings window, three very different market verdicts.
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President Trump posted on social media June 18 that Apple has agreed to partner with Intel to design and manufacture chips in the United States. Intel surged to an all-time intraday high of $135.48, closed up ~10.5%, and dragged the Philadelphia Semiconductor Index to a record close —…
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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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Comtech (CMTL) announced a $157.5M sale of its satellite and space communications business to Israel's Gilat, with net proceeds of ~$143M–$145M earmarked for debt repayment. The deal — not the mixed quarterly earnings — drove a ~9.5% stock gain on June 15.