Markets News, June 22, 2026: Dow Ekes Out Gain as Big Tech Stocks Weigh on Nasdaq; SpaceX Falls To Lowest Close Ever
Credit: Michael M. Santiago / Getty Images
The major U.S. stock indexes put in a mixed performance on Monday, with big tech stocks weighing on the S&P 500 after a tense weekend of peace talks between the U.S. and Iran.
The blue-chip Dow Jones Industrial Average rose 0.3% on Monday, while the benchmark S&P 500 slid 0.4% and the tech-heavy Nasdaq Composite slumped 1.3%. Stocks were coming off their second straight week of gains. The major indexes all rebounded to end the week after sliding following Wednesday’s hawkish Fed meeting.
Peace talks between the U.S. and Iran got off to a rocky start this weekend, with Iran saying on Saturday it closed the Strait of Hormuz in response to fighting between Israel and Iran-backed Hezbollah in Lebanon. Despite the threat, ships continued to transit the strait throughout the weekend—though, far fewer than before the war. Meanwhile, President Donald Trump on Sunday threatened to renew strikes if Iran did not stop Hezbollah “from causing trouble.” Nonetheless, mediators on Monday said the two sides had made “encouraging progress.”
Oil prices declined on Monday after the U.S. Treasury authorized the sale of Iranian oil for the next 60 days. West Texas Intermediate futures, the U.S. benchmark, fell 2% to about $75 a barrel, while Brent crude, the global benchmark, dropped 3% to $78 a barrel.
Investors will get an inflation update on Thursday when May’s Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, is slated to be released. PCE hit a nearly three-year high in April. Investors will be paying special attention to inflation figures in the coming months after Fed officials indicated they’re open to raising interest rates this year.
Chip and memory stocks added to their gains Thursday. Shares of Micron (MU) rose 7% to a record high ahead of the memory chip maker’s quarterly earnings report on Wednesday afternoon. Intel (INTC) and Sandisk (SNDK) also rose to fresh records on Monday.
SpaceX (SPCX) stock continued to crash down to earth after declining in the final two sessions of last week. Shares tumbled 16% to close at $155, their lowest close since SpaceX’s blockbuster IPO earlier this month. Mega-cap tech stocks were mostly lower on Monday, with Alphabet’s (GOOG) 5% decline leading the laggards of the Magnificent Seven. It was trailed closely by Amazon (AMZN), which fell nearly 5% itself. Tesla (TSLA) bucked the trend by rising 1%.
The 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, was recently 4.51%, up from 4.46% at the close Thursday.
Bitcoin was trading at $64,400 in the late afternoon after climbing above $65,000, its highest price in nearly a week, early in the day. Gold futures slid about 1% at $4,210 a troy ounce. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, rose 0.2% to 101.
JUNE 22, 2026 AT 07:33 PM GMT
Here’s How Much Traders Expect FedEx Stock To Move After Earnings
FedEx is scheduled to report earnings after the closing bell Tuesday, with the shipping giant’s stock seen potentially climbing to a fresh high following the results.
Based on current options pricing, FedEx (FDX) shares are seen swinging up to about 7% in either direction by the end of the week. A move of that size from Monday afternoon’s level around $330 could see the shipping giant’s stock rise to a record high above $352, or drag it back below $309.
FedEx shares have gained more than 40% since the start of the year, as investors cheered a rosy outlook and the spin-off of FedEx Freight (FDXF), which started trading as a separate company late last month and will report earnings Thursday.
Bank of America analysts recent lowered their price target for FedEx to $376 from $440 following the spin-off to account for the removal of the freight business, and said investor attention will likely be on where FedEx still has room to cut costs. Investors may also be watching for any updates on the company’s search for a new CFO, after John Dietrich stepped down earlier this month.
Analysts expect FedEx to report adjusted earnings per share of $5.90 on a nearly 8% year-over-year jump in revenue to $23.98 billion for its fiscal fourth quarter, according to estimates compiled by Visible Alpha.
Analysts are largely bullish on FedEx’s stock, with all but one of the 10 analysts with current ratings tracked by Visible Alpha calling the stock a “buy,” along with one neutral rating. Their average target of $410 would suggest upside of nearly 25% from Monday’s level.
JUNE 22, 2026 AT 06:52 PM GMT
Super Micro Computer Stock Soars to Pace S&P 500 Gainers
Super Micro Computer (SMCI) was leading the S&P 500 on Monday after the company announced a new Nvidia-equipped server for AI-powered scientific research at a high-performance computing conference in Hamburg, Germany.
Supermicro on Monday announced the Data Center Building Block Solutions® (DCBBS) Blueprint for high-performance computing, a server unit containing up to 1,152 of Nvidia’s Vera Rubin GPUs and 576 Rubin CPUs. The unit can be deployed in clusters up to 1 gigawatt, about the amount of power it takes to power up to a million homes.
“With our DCBBS Blueprints for NVIDIA Vera Rubin NVL4, research organizations can confidently deploy HPC and AI infrastructure at any scale, knowing that it is backed by Supermicro’s proven experience building some of the world’s largest liquid-cooled clusters,” said Supermicro CEO Charles Liang in a press release on Monday.
Super Micro Computer shares soared nearly 18% Monday, making it the best-performing stock in the S&P 500. With Monday’s gains, the stock is up nearly 25% since the start of the year.
JUNE 22, 2026 AT 05:59 PM GMT
Selling a House for OpenAI or Anthropic Shares—How Does That Even Work?
Some homeowners are putting their properties on the market with an unusual condition: Instead of cash, they want to be paid in shares of private companies that could become the next hot IPO.
One South Florida family that recently listed a $2.6 million waterfront home said it would seriously consider accepting shares in OpenAI, Anthropic or SpaceX as payment. They’re not alone. Similar listings have appeared across the country, with some sellers reporting a flood of offers within days.
Attorneys told Investopedia that a home sale does not have to be paid for in cash. Real estate contracts are largely a matter of private agreement between buyer and seller, meaning company shares can be used as payment if both sides agree to the terms.
“Shares can serve as consideration in the same way money does,” says Gwen Chelidze, a real estate attorney at Lux Law. “The transaction can be structured as a direct exchange between the parties. The homeowner transfers the deed and receives the existing shares in return, while the other party takes title to the property.”
Pricing a home is relatively straightforward. With shares, it depends on what kind.
Publicly traded shares have a transparent price that’s updated continuously. The challenge is that these prices can fluctuate, so both parties need to agree on a specific date or formula for locking in what they’re worth.
Private company shares, meanwhile, are significantly more complicated. Companies such as Anthropic or OpenAI have no quoted market price, so their value must be estimated from recent funding rounds, secondary market transactions, comparable public company multiples and projected cash flows. That can leave significant room for disagreement between buyer and seller.
“The contract should be very clear about how the shares will be valued and when this valuation will occur,” says Chelidze. “Determining the number of shares at contract signing keeps the structure simple, but the value may change significantly between contract signing and closing, so there needs to be a repricing formula as well as other meaningful contingencies to address any material changes.”
For more on how some investors are cashing in on the AI IPO frenzy, read the full story here.
JUNE 22, 2026 AT 05:00 PM GMT
Longtime Fed Chair Alan Greenspan Dies at 100
Alan Greenspan, the economist who led the Federal Reserve for 18 years, has died at the age of 100.
The death of the former Fed chair was announced Monday by his wife, NBC News correspondent Andrea Mitchell. Greenspan was one of the most important figures in the U.S. economy during his era and shaped the Fed’s approach to monetary policy. He was known for prioritizing the inflation-fighting half of the Fed’s dual mandate to keep prices stable and employment high during his tenure from 1987 to 2006.
Greenspan presided over a period of stability for the U.S. economy beginning at the tail end of President Ronald Reagan’s term. To his admirers, Greenspan was “The Maestro,” credited with guiding the U.S. through a period of stable inflation and low unemployment known as the Great Moderation. Critics of Greenspan blame his policies for the financial collapse that followed, especially his championing of deregulated free markets.
The Fed acknowledged the death of its former leader in a statement.
“During his 18 years as Chairman, he guided the Federal Reserve through periods of significant economic expansion as well as periods of considerable stress,” the central bank said. “Under his leadership, the Federal Reserve achieved a sustained era of price stability that supported economic growth and helped anchor the public’s confidence in the institution.”
JUNE 22, 2026 AT 04:06 PM GMT
Micron Leads AI Trade Higher. Expectations Are Rising Ahead of Earnings This Week
AI hardware makers’ stocks are off to a strong start this week, as anticipation builds ahead of results from Micron Technology.
Shares of Micron (MU), which is set to report earnings after the closing bell Wednesday, popped over 6% to new highs in early trading, making it one of the best-performing stocks in the S&P 500 and Nasdaq, on a day when the indexes lost ground. Shares were recently up about 4% after paring their gains.
Data storage firms Sandisk (SNDK) and Seagate Technology (STX) also climbed to fresh records, along with Intel (INTC) and Advanced Micro Devices (AMD). The Roundhill Memory ETF (DRAM) and Philadelphia Semiconductor Index (SOX) were up 4% and 0.5% recently, after hitting new highs.
Morgan Stanley analysts on Monday said expectations are rising for Micron’s results, which they see topping consensus projections, as a global shortage of memory parts persists. Wall Street analysts surveyed by Visible Alpha see Micron reporting $36.15 billion in fiscal third-quarter revenue, nearly quadrupling from a year ago, with adjusted earnings per share of $20.95, up from $1.91 last year.
Memory and data storage stocks have been some of the market’s strongest performers in recent months, with Micron among the S&P 500’s top three gainers this year, amid a boom in demand for the hardware to power AI data centers.
With Monday’s gains, Micron shares have more than quadrupled in value since the year began and are up more than 850% over the last 12 months.
JUNE 22, 2026 AT 03:14 PM GMT
SpaceX Shares Fall To Lowest Price Since IPO Day
SpaceX (SPCX) stock tumbled on Monday to its lowest price since its first day as a public company.
SpaceX shares were recently down nearly 9% at about $168. They traded as low as $165 earlier in the session. Before Monday, shares hadn’t changed hands for less than $168 since June 12, the day they began trading. Monday’s losses put SpaceX stock about 25% below last week’s record high, and just 5% above its closing price on its first day of trading.
Shares charged out of the gate when they debuted earlier this month, ending their first day of trading nearly 20% above their IPO price. Shares continued to soar early last week briefly making it more valuable than e-commerce giant Amazon (AMZN). Shares faltered on Wednesday, their first down day on public markets, and the pressure continued on Thursday.
SpaceX on Monday announced its first bond sale. The company did not disclose the size of the offering, but said it plans to use the proceeds to “repay the outstanding borrowings under its bridge loan facility in full.” SpaceX took out the loan of up to $20 billion earlier this year as part of its merger with Elon Musk’s xAI startup.
Experts say SpaceX’s small float and the speculative nature of its valuation are reason to expect the stock to remain volatile in the coming months. Shares could catch an updraft from the stock’s entry into major stock indexes, with some expected to add it as early as today. Selling pressure could pick back up when post-IPO lock-up periods preventing insiders from selling their stock begin to expire in the coming months.
JUNE 22, 2026 AT 02:19 PM GMT
Apogee Therapeutics Stock Jumps on AbbVie Acquisition
Shares of Apogee Therapeutics (APGE) soared Monday after the company announced it had agreed to be acquired by AbbVie (ABBV).
The companies said Monday that AbbVie would pay Apogee shareholders $135.11 per share, a premium of about 50% to Thursday’s closing price. The deal values Apogee at about $10.9 billion.
“Apogee’s pipeline adds highly differentiated clinical-stage assets, further expanding our robust immunology portfolio in areas of significant patient need, including atopic dermatitis and asthma,” said Robert A. Michael, chief executive officer of AbbVie, in a press release. Drugs Apogee is developing to treat both conditions have “mega-blockbuster peak sales potential,” according to AbbVie.
Apogee shares surged 47% to $133 on Monday morning, bringing its year-to-date return to about 75%. AbbVie shares were up nearly 5% in recent trading, putting the stock down 1% since the start of the year.
JUNE 22, 2026 AT 01:36 PM GMT
What To Expect in the Markets This Week
Economists will update the Fed’s preferred inflation index this week, giving investors a chance to see how the latest reading squares with the newly hawkish central bank.
The May output of the Personal Consumption Expenditures price index is due Thursday. The Fed sees the PCE as a more precise measure of price changes because it uses surveys of businesses, rather than consumers, to weigh a broader set of data. The PCE price index rose 3.8% year-over-year in April—well above the 2% target, and the largest increase in three years.
It’ll be the first major bit of inflation data since Fed officials last week indicated that they envision lifting the central bank’s benchmark rate by a median of a quarter-percentage-point before 2027. Officials haven’t adjusted the federal funds rate since December.
This week may also provide insight on the state of the AI play. Memory-chip maker Micron Technology—whose products are used in AI data centers—will release results Wednesday. Micron shares have vaulted higher with investors convinced that the AI buildout will fuel demand: Micron’s market capitalization has hit $1 trillion, and its shares are up more than 800% this year through last week’s close.
Read the full story here for more on what to expect in financial markets this week.
JUNE 22, 2026 AT 12:44 PM GMT
Stock Futures Creep Higher Amid U.S.-Iran Peace Talks
Futures contracts tied to the Dow Jones Industrial Average were up 0.2% in premarket trading on Monday.
S&P 500 futures were little changed.
Nasdaq 100 futures were pointing to a 0.3% gain for the tech-heavy index.
Read the original article on Investopedia