A 30-stock barometer of U.S. equities
The US and Iran have traded intensive strikes this week after Iranian attacks on commercial ships in the Strait of Hormuz. President Donald Trump has declared the interim ceasefire "over," revoked a temporary oil waiver and ordered further strikes while mediators are still pursuing talks. Oil prices and global markets have reacted to renewed fighting and sanctions moves.
SK Hynix has raised $26.5 billion by selling 177.9 million American depositary receipts priced at $149, completing the largest U.S. share sale by a foreign company. The ADRs began trading on the Nasdaq this week under temporary ticker SKHYV, with regular trading to use ticker SKHY. Demand has been many times greater than supply as AI-driven memory shortages lift prices and profits.
As big tech pushes AI infrastructure investments, investors are rotating away from Magnificent Seven-like hyperscalers toward memory and chipmakers. The market has seen a split: hyperscalers face pressure on capex, while hardware suppliers rally, signaling a shift in leadership as AI spending monetization remains uncertain.
The US has announced a reopening of the Strait of Hormuz following Iran's declaration that commercial vessels can pass freely. This has caused oil prices to fall sharply, with US crude dropping below $83 per barrel. Markets are reacting positively, but tensions remain high as the US continues its naval presence and Iran maintains its stance.
Oil prices have steadied as the U.S. has signaled further action to ease vessel movements through the Strait of Hormuz amid renewed tensions with Iran. Brent sits around $111-113, while U.S. crude trades near $105, with global markets awaiting clarity on the ceasefire talks and potential supply disruptions.
Oil prices have fluctuated amid war updates and cease-fire talk, with Brent trading around $101-$102 a barrel as U.S. and Iranian positions evolve. Market attention is on the Strait of Hormuz and shipping disruptions, while equities show mixed moves worldwide.
US markets rally as the Dow climbs, but chipmakers drop after earnings; CrowdStrike and Broadcom move markets with mixed results as AI momentum faces a pullback.
A wave of AI-related IPOs from SpaceX, Anthropic and OpenAI is unfolding, with markets facing a flood of new stock. Retail demand remains strong for SpaceX, but analysts warn supply could overwhelm demand, pressuring prices and testing market resilience.
The latest clashes between Iran and Israel have triggered new calls for restraint as Trump urges both sides to halt fighting. Markets react to conflict signals, while diplomacy pivots around a fragile ceasefire. No casualties are reported in the immediate flare, but threats of broader escalation endure.
The Bureau of Labor Statistics has reported that U.S. consumer prices rose 4.2% in the 12 months through May, the fastest annual pace since April 2023, driven largely by a surge in energy and gasoline costs. Core inflation has remained cooler at 2.9%, while producers’ prices and oil-driven wholesale gains have also accelerated ahead of the Federal Reserve’s June meeting.
The latest exchanges between the United States and Iran have escalated, with U.S. forces striking Iranian targets following the downing of an Apache helicopter. Tehran has responded with missile and drone attacks on U.S. bases and is threatening further action as diplomacy remains uncertain.
The president has said discussions with Iran have reached the highest level of leadership and approved a framework, canceling scheduled strikes for now. The blockade remains in force, and signing details are to be announced; meanwhile, threats to seize Kharg Island and target energy infrastructure persist as talks continue.
The Trump administration has announced a deal in which Intel will design and build chips for Apple in the United States. The move is framed as strengthening domestic manufacturing and reducing reliance on overseas supply chains. Apple’s chip supply and Intel’s revival are central to evolving U.S. tech policy and market expectations.
Micron has reported blockbuster fiscal third-quarter results — $41.46bn revenue and $28.24bn net income — and has forecast roughly $50bn for the current quarter. The results have pushed Micron above a $1tn market value, restarted buying in memory stocks and have sharpened concerns that soaring AI data‑centre demand is forcing consumer electronics makers, including Apple, to prepare price increases.
Global markets are mixed as investors digest news of a framework for a long-term Iran peace deal. Oil prices have fallen sharply, and major indices climbed in US trading after the deal signals potential sanctions relief and production shifts across the Middle East.
Alan Greenspan has died at age 100 from complications of Parkinson's disease, his wife Andrea Mitchell has said. Greenspan has led the Federal Reserve from 1987 to 2006, presiding over long US growth and market rallies while later facing criticism for policies linked to the 2007–09 financial crisis.
New Fed Chair Kevin Warsh is rolling back decades of forward guidance, cutting the Fed’s post-meeting statements and removing explicit guidance on future rate moves. Analysts warn this could raise market volatility and push mortgage rates higher, while Warsh argues markets should rely on data rather than central-bank hints.
Markets are stabilising after a stretch of high activity in tech options, with traders shifting focus as implied volatility cools. Small caps are leading potential next moves, while global equities reflect a policy-led, carry-friendly regime.
Prologis has made an all-share approach worth 925p a Segro share, valuing Segro at about 3.6bn. Segro’s board has rejected the bid as “a long way short” of value, arguing the US bid undervalues the business. Shares have rallied on the news, while broader property stocks are buoyed by falling gilt yields and hopes of cheaper financing.
England has topped Group L after beating Panama, while the Democratic Republic of the Congo has advanced to the World Cup knockout stage for the first time with a 3-1 win over Uzbekistan. Belgium faces Senegal in the last-16 as the Round of 32 begins.
Three major egg producers—Cal-Maine Foods, Versova and Hickman’s Egg Ranch—have agreed to a civil settlement with the DOJ and 17 states over alleged price manipulation. The deal requires them to pay $3.3 million and donate 53 million eggs to food banks, with court approval pending. They deny wrongdoing and will adopt antitrust compliance programs.
U.S. Treasury yields have fluctuated amid hawkish signals from Fed Chair Warsh and ongoing data momentum. Investors await key jobs data and FOMC minutes to gauge policy direction.
The United States has declined to renew the US-Mexico-Canada Agreement in its current form and has begun annual reviews instead. Washington has said it will continue talks with Mexico and Canada to address trade deficits and "shortcomings." The pact remains in force and will expire in 2036 unless countries agree changes.
The June 2026 US jobs report shows leisure and hospitality employment has fallen by 61,000, undermining expectations that the World Cup would spur hiring. Overall employment rose modestly, with revisions to May and April figures, and analysts weigh whether the tournament will lift local economies in other ways.
Trump Accounts are launching with a $1,000 federal seed for babies born 2025–2028, with philanthropic and employer contributions expanding the program. Morningstar warns outcomes depend on ongoing contributions and owner behavior; leakage could erode gains. Companies pledge to match and push auto-enrollment to broaden reach.