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The US and Iran signed a 60-day ceasefire on June 17 and Washington lifted its Strait of Hormuz blockade a day later, easing Middle East tensions and dragging crude oil down roughly 8% on the week. A Trump threat on June 21 sparked a brief intraday spike but didn't change the trend.
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The Fed held rates steady at Kevin Warsh's first meeting as chair — but the dot plot told a different story, with half of all officials penciling in at least one hike this year. Stocks sold off hard before chips led a partial recovery.
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U.S. markets reopen Monday after the Juneteenth long weekend, with traders digesting fresh Iran rhetoric from Trump and last week's chip-led rally. The week's marquee events: FedEx earnings Tuesday, Micron Wednesday, and May PCE on Friday.
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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.