Stocks ended mixed as falling oil prices helped lift the Dow Industrials, while concerns about AI valuation put pressure on the broader market. The Standard & Poor’s 500 Index fell 1.95% closing Friday's session at 7,354.02 during a week that US President Donald Trump said Iran violated the countries' ceasefire agreement. The Nasdaq Composite Index skidded 4.60% closing Friday's session at 25,927.62. The Dow Jones Industrial Average rose 0.60% closing last week at 51,876.11. The MSCI EAFE Index, which tracks developed overseas stock markets, lost 1.33%.1,2 Dow Industrials Take the LeadWith just two trading sessions remaining in the month, the market benchmark is down 3% for June but up 7.4% for the year. From a technical perspective the Bull Market is still intact across major indexes with consolidations or corrections as normal aspects of market performance. US stocks gained last week on a memorandum of understanding targeting a permanent peace deal to end the war between the US and Iran. The agreement included reopening the Strait of Hormuz, a key choke point for crude flows. However, US President Donald Trump said on Friday that Iran shot at least four one-way attack drones at ships crossing the Strait of Hormuz on Thursday. The attack was "a foolish violation of our Ceasefire Agreement," Trump said. Questions swirling over the sustainability of the artificial intelligence boom also weighed. The week's drop in the S&P 500 came on declines in only four of the index's 11 sectors: Communication services fell 6.2%, technology shed 5.4%, consumer discretionary slipped 2.7% and materials declined 0.1%. Google parent Alphabet (GOOG, GOOGL) was one of the hardest-hit stocks in communication services this week, falling more than 8%. A Bloomberg report said the company is poised to lose two leading AI researchers to Anthropic. In technology, ON Semiconductor (ON) had the largest percentage drop of the week, sliding 25%. The chipmaker agreed to acquire semiconductor company Synaptics (SYNA) in a deal with an enterprise value of about $7 billion, aiming to expand into physical artificial intelligence. In consumer discretionary, Nike (NKE) shares led the drop, falling 9.9% amid downbeat analyst reports after the company named a new chief financial officer and said that excluding a one-time benefit, it expects fourth-quarter results to be "generally in line with previously provided guidance." Analysts at Evercore ISI and KeyBanc downgraded their investment ratings on Nike's stock while multiple other analysts reduced price targets on the shares. On the upside, health care climbed 7.9%, followed by a 4% gain in real estate, a 3.9% advance in utilities and a 1.5% increase in consumer staples. Energy, financials and industrials also edged higher. Bio-Techne (TECH) led the gainers in health care, jumping 23% on the week as the company said it agreed to be acquired by Merck KGaA in an all-cash deal with an enterprise value of about $11.3 billion. Merck KGaA will pay $73 per Bio-Techne share in cash, which the companies noted represents a 36% premium to the US-based company's one-month volume-weighted average trading price. Next week's economic data will feature the government's June employment report, due Thursday. The US stock market will be closed on Friday in observance of Independence Day. |
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Source: YCharts.com, June 27, 2026. Weekly performance is measured from Monday, June 22, to Friday, June 26. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points. |
Inflation UpdateThe Fed’s preferred measure of inflation, PCE, or the Personal Consumption Expenditures Index, came in as expected for May. While the core number, which excludes energy, was at its highest level since October 2023. However, investors appeared relieved that there were no surprises, especially from the new Fed Chair Warsh.8 This Week: Key Economic DataTuesday: S&P Case-Shiller Home Price Index. Chicago Business Barometer. Consumer Confidence. Job Openings/Labor Turnover. Wednesday: ADP Employment Report. Purchasing Managers Index (PMI)—Manufacturing. Institute for Supply Management (ISM)—Manufacturing. Construction Spending. Thursday: Employment Report. Weekly Jobless Claims. Factory Orders. Source: Investors Business Daily - Econoday economic calendar; June 26, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision. This Week: Companies Reporting EarningsTuesday: Nike, Inc. (NKE) Wednesday: General Mills, Inc. (GIS) Source: Zacks, June 26, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice. |
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"True originality consists not in a new manner but in a new vision." – Edith Wharton |
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Use AI as Your Personal Tour GuidePlanning a trip, or already on one? AI makes for a surprisingly great tour guide. Try asking something like: "I'm at [location] — what's the best route to see the highlights, and what's the history behind each one?" With voice mode enabled, it's like having a knowledgeable companion right in your ear. Tip adapted from creatoreconomy.so9 4 Benefits of YogaIn addition to helping you finally touch your toes, yoga may confer many other benefits, from helping you relax to even potentially helping your heart health. Below are some other potential benefits of yoga:
Tip adapted from Healthline10 |
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What has a foot on each side and yet another foot in its middle? Last Week's Riddle: What force and strength cannot get through, it with gentle touch can do. People in many halls would stand were it not in their hand. What is it? Answer: A key. |
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Benidorm Alicante Province, Spain |
Footnotes And Sources1. WSJ.com, June 26, 2026 11. MT Newswires, YCharts.com, June 22 - 26, 2026 |
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