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The S&P 500 Index ($SPX) (SPY) is up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%.  June E-mini S&P futures (ESM26) are up +0.70%, and June E-mini Nasdaq futures (NQM26) are up +0.79%.

Stocks are seeing support again today as reports circulate that an interim US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports.  Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues.  However, Iran said its leaders still need to make a final decision on the proposed interim peace deal.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks surged on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership.  He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."

WTI crude oil prices (CLN26) are down more than -3% today on hopes for a near-term US-Iran agreement and a reopening of the Strait of Hormuz.

In positive news for stocks, the University of Michigan’s June US Consumer Sentiment Index rose +4.1 to 48.9, which was stronger than expectations for a rise to 46.0.  Also, the University of Michigan’s June 1-year inflation expectations rate eased to +4.6% from +4.8% in May, and was weaker than expectations of +4.9%.  The June 5-10 year inflation expectations rate eased to +3.4% from +3.9% in May, weaker than expectations of +3.8%.

The markets are discounting a zero percent chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are higher today.  The Euro Stoxx 50 is up +1.9%.  China's Shanghai Composite closed up +1.12%.  Japan’s Nikkei-225 Stock Average closed up +2.81%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -3 ticks, and the 10-year T-note yield is up +1.6 bp at 4.477%.  T-notes are seeing weakness today as the 10-year inflation expectations rate is up +0.1 bp at 2.306%, despite today’s drop in oil prices.  The T-note market remains worried about inflation pressures, which are likely to remain sticky even after the Strait of Hormuz reopens.  The T-note market has some carry-over weakness from Thursday, when demand was lackluster for the Treasury’s 30-year bond auction.

European government bond yields are trading lower.  The 10-year German bund yield is down -3.3 bp at 2.999%.  The 10-year UK gilt yield is down -6.6 bp at 4.839%.

On Thursday, the ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth." Swaps are discounting a 37% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Space Exploration Technologies Corp (SPCX), doing business as SpaceX, started trading today near $160 per share, up nearly +20% from Thursday’s IPO of $135.  The IPO was more than four times oversubscribed, indicating strong demand for the stock.  A strong showing by SpaceX today would be positive for investor sentiment and could help the upcoming IPOs for AI companies Anthropic and OpenAI.

Space-linked stocks are trading lower despite the favorable SpaceX debut, with EchoStar (SATS) down more than -9%, and Rocket Lab (RKLB) down more than -7%.

Chip stocks recovered from early losses and are trading mostly higher.  The iShares Semiconductor ETF (SOXX) is up +2.25% today, adding to Thursday’s sharp rally of +8.39%.  Thursday’s rally was sparked by signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Chip leaders today include Arm Holdings (ARM)with a gain of more than +10%, and gains of more than +5% in Qualcomm (QCOM), AMD (AMD), and Intel (INTC).

Adobe (ADBE) is down more than -7% after CFO Dan Durn said he would leave the company on June 15, following news earlier this year that Adobe’s CEO would resign.  The Adobe news put continued downward pressure on software stocks, which were undercut on Thursday by negative earnings news from Oracle (ORCL).  Autodesk (ADSK) is down more than -3% and Intuit (INTU) is down by more than -2%.

Airline stocks are seeing continued support after oil prices today moved lower, adding to Thursday’s decline.  United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV) are all up more than +3%.

Energy stocks and service providers are trading higher with today’s continued sell-off in crude oil prices.  Occidental Petroleum (OXY), Valero (VLO), and Marathon Petroleum (MPC) are all up more than +2%.

Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyn (TER) are seeing support today after Nasdaq announced on Thursday that those stocks will join the Nasdaq 100 Index, effective at the market open on June 22. Stocks leaving the Nasdaq 100 include Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).

Travelers (TRV) is seeing downward pressure after Barclays cut its rating on the stock to underweight from equal-weight due to a downbeat outlook for profits in the property and casualty sector.

Earnings Reports(6/12/2026)

America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The FTSE 100 ended the week on the front foot as Iran claimed a deal with the US has “never been closer”, while investors were glued to dealing screens as trading in SpaceX kicked off.

The FTSE 100 closed up 167.84 points, or 1.6%, at 10,471.72. The FTSE 250 ended up 355.07 points, 1.6%, at 23,325.71, while the AIM All-Share shot up 16.37 points, 2.1%, to 787.33.

For the week, the FTSE 100 rose 1.0%, the FTSE 250 gained 1.2% but the AIM-All Share fell 1.0%.

“Investors were in a buoyant mood as hopes of a peace deal between the US and Iran were revived, having seemingly dropped off the table earlier in the week,” said Dan Coatsworth, head of markets at AJ Bell.

“Whether momentum can be sustained depends on positive noises about a resolution translating into something more solid in the coming days,” he added.

Late Thursday, US President Donald Trump said he had called off “very hard” strikes on Iran that had been due to take place overnight and claimed a deal had been agreed.

He added that Iran’s supreme leader had approved the text and that the time and place of the signing would be “announced shortly”.

On Friday, Iranian Foreign Minister Abbas Araghchi said the US and Iran have “never been closer” to a deal on ending the war in the Middle East.

“The Islamabad Memorandum of Understanding has never been closer,” Mr Araghchi wrote on X, referring to the Pakistani capital which hosted previous US-Iran talks.

“Pending its finalisation, the media should refrain from entering speculation about its content,” he added, after purported details of the accord were published by Iranian media, which were subsequently slammed by Mr Trump.

White House officials said Iran has agreed to dismantle its nuclear programme and destroy nuclear material under the deal with the US.

Tehran also agreed to open the Strait of Hormuz and will not receive any frozen funds until they honour their commitments under the “performance-based deal”, the senior administration official said.

In response, Brent crude for August delivery traded sharply lower at 87.00 dollars a barrel on Friday, from 92.95 dollars at the time of the equities close in London on Thursday.

In New York, the Dow Jones Industrial Average was up 1.1%, the S&P 500 was 0.8% higher and the Nasdaq Composite rose 0.7%.

Attention across the pond was squarely focused on the SpaceX initial public offer, the biggest in history.

Elon Musk’s reusable rocket company is raising 75 billion dollars, selling 555.6 million shares for 135 dollars a piece. The deal values SpaceX at 1.77 trillion dollars (£1.33 trillion), making it the seventh most-valuable US company, ahead of Tesla, Mr Musk’s electric vehicle maker.

Story Continues

Shares were trading at around 162 dollars per share as dealing began around the time of London’s close, a sharp premium to the IPO price.

Kathleen Brooks, research director at XTB said there is “so much enthusiasm for SpaceX right now, that it is hard to see the shares slipping any time soon”.

“It is easy to be bearish about SpaceX, the numbers are incredibly optimistic, however, this is not the story of the day,” she said.

“The IPO is a roaring success, and SpaceX will change the landscape of US stock markets. It will also shift the AI trade from chip socks to imagining an AI-infused reality. The real question that an IPO of this size asks: is SpaceX and the AI trade too big to fail?”

In European equity markets on Friday, the CAC 40 in Paris ended up 1.8%, as did the DAX 40 in Frankfurt.

The euro traded higher against the greenback, at 1.1583 dollars on Friday against 1.1522 dollars on Thursday. Against the yen, the dollar was trading at 160.18 yen, down from 160.48 yen a day earlier.

Back in London, the impact of the Middle East crisis was seen as the UK economy suffered a slight but unsurprising decline in April.

The UK economy contracted 0.1% in April, in line with forecasts, according to data from the Office for National Statistics (ONS) on Friday.

The reading was a sign that the conflict is “slowly but surely catching up with the UK”, Deutsche Bank analyst Sanjay Raja said.

The pound traded at 1.3422 dollars on Friday afternoon, up from 1.3342 dollars on Thursday. Against the euro, sterling firmed to 1.1587 euros from 1.1578 euros on Thursday.

The yield on the US 10-year Treasury eased to 4.48% on Friday from 4.52% on Thursday. The yield on the US 30-year Treasury narrowed to 4.97% from 5.00% on Thursday.

Gold traded at 4,219.28 dollars an ounce on Friday, higher from 4,079.75 dollars on Thursday.

Back in London, oil majors BP and Shell unsurprisingly missed out on the market rally as the oil price fell, dropping 2.0% and 1.7% respectively.

In addition, Shell announced a pause in its three billion-dollar (£2.2 billion) share buyback programme until mid-July. This reflects securities law requirements that apply to Shell relating to the ARC Resources takeover.

Rising metals prices saw gains for Antofagasta, Anglo American and Fresnillo, up 4.9%, 5.2% and 4.5% respectively. While British Airways owner International Consolidated Airlines climbed 7.1% on hopes of lower fuel costs and a pick-up in travel.

Scottish Mortgage Investment Trust, an investor in SpaceX, saw its shares marked up 1.7%, while Rolls Royce was lifted 4.4% on hopes for a US-Iran peace deal and as Berenberg upgraded to ‘buy’ from ‘hold’.

The biggest risers on the FTSE 100 were International Consolidated Airlines Group, up 28.8p at 436.2p, Lion Finance, up 620.0p at 11,050.0p, Barclays, up 23.90p at 472.85p, Anglo American, up 198.0p at 4,002.0p and Endeavour Mining, up 181.0p at 3,830.0p.

The biggest fallers on the FTSE 100 were BP, down 10.8p at 534.5p, Shell, down 55.5p at 3,220.5p, BAE Systems, down 31.5p at 1,911.0p, Centrica, down 1.95p at 185.8p and AstraZeneca, down 116.0p at 13,462.0p.

Next week’s global economic calendar sees interest rate calls in the US, UK, Australia, Japan and Switzerland among others. UK inflation and unemployment data will also be released.

Monday’s local corporate calendar has full-year results from broker Peel Hunt. Later in the week grocer Tesco and Premier Inn owner Whitbread reports first quarter trading updates.

Contributed by Alliance News

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The FIFA World Cup 2026 promises an economic boost to the U.S. as a host. Here are the sectors that stand to benefit from the beautiful game.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Flight or fight? In looking at your investment portfolio, you have the choice of both.

Invesco Aerospace & Defense ETF (NYSEMKT:PPA) offers broad exposure to defense contractors and aerospace manufacturing with lower historical volatility, while U.S. Global Jets ETF (NYSEMKT:JETS) provides a pure-play, more concentrated bet on global airline operators.

Investors looking for exposure to flight-related industries generally choose between two distinct paths: commercial travel or military defense. While both funds are housed primarily within the industrial sector, their underlying economic drivers differ significantly, ranging from consumer leisure demand and fuel costs to national security budgets and long-term government defense contracts.

Snapshot (cost & size)

Metric JETS PPA Issuer US Global Invesco Expense ratio 0.60% 0.58% 1-yr return (as of June 8, 2026) 20.10% 25.10% Dividend yield 0.80% 0.40% Beta 1.21 0.74 AUM $860.4 million $8.0 billion

Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The Invesco fund is slightly more affordable with a 0.58% expense ratio compared to the 0.60% charged by the U.S. Global fund. However, the airline-focused ETF provides a higher payout, yielding 0.80% over the trailing 12 months at its recent price of $27.55, versus the 0.40% yield from the defense fund when it was trading around $166.

Performance & risk comparison

Metric JETS PPA Max drawdown (5 yr) (44.00%) (18.40%) Growth of $1,000 over 5 years (total return) $1,060 $2,282

What's inside

The Invesco Aerospace & Defense ETF holds 60 positions and tracks the SPADE Defense Index, focusing on firms vital to U.S. homeland security and aerospace support. Its largest positions include Boeing Co. (NYSE:BA) at 8.1%, RTX Corp. (NYSE:RTX) at 7.91%, and GE Aerospace (NYSE:GE) at 7.77%. The portfolio is almost 94% Industrials, with the balance in technology and communication services. This fund was launched in 2005 and has a trailing-12-month dividend of $0.66 per share.

The U.S. Global Jets ETF offers a more concentrated portfolio of 50 positions, including both airline operators and aircraft manufacturers worldwide. Its largest positions include Delta Air Lines Inc (NYSE:DAL) at 12.69%, American Airlines Group Inc (NASDAQ:AAL) at 12.01%, and United Airlines Holdings Inc (NASDAQ:UAL) at 11.57%. The sector mix is 91% Industrials, 7% Consumer Cyclical, and 2% Technology. This fund was launched in 2015 and has a trailing-12-month dividend of $0.23 per share.

Story Continues

Which is the better buy?

The Invesco Aerospace & Defense ETF is the better buy, having outpaced the U.S. Global JETS fund year-to-date, over the past three years, and over the previous five years. In the three years through March 31, 2026, PPA has returned 27.87%, while avancing 17.85% over the previous five years. By comparison, the U.S. Global JETS ETF has returned 17.38% over the past three years and 2% over the past five years.

The primary difference is that JETS is focusing solely on the commercial aerospace business, mainly consumer travel on aircraft. That's a boom-and-bust industry, where intense competition over airfare pricing makes it difficult for most airlines to post consistent profits.

The Invesco PPA fund holds a number of stocks not seen in JETS, including defense contractors L3Harris Technologies (NYSE:LHX), GeneralDynamics (NYSE:GD), and Northrop Grumman (NYSE:NOC). All of those are stocks benefiting from the U.S. increasing defense spending amid multiple military campaigns in recent years.

With lower volatility than JETS, as indicated by its lower maximum drawdown, PPA is the choice for 2026.

For more guidance on ETF investing, check out the full guide at this link.

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Better Returns, Lower Risk: Invesco Aerospace ETF Tops Jets ETF was originally published by The Motley Fool

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is down -0.61%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.88%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%.  June E-mini S&P futures (ESM26) are down -0.71%, and June E-mini Nasdaq futures (NQM26) are down -0.97%.

Stock indexes are sliding for a second day today, as chipmakers and AI-infrastructure stocks retreat.  Also, rising crude oil prices are weighing on airline stocks, and trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks found some support today after US May consumer prices came in as expected, easing inflation concerns.  Also, gains in crude oil prices today are lifting energy producers.

US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years.  May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.

US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%.  The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.

WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight.  The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter.  In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait.  Gains in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to “pay the price,” fueling concerns that the US may escalate military attacks on Iran.

The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 recovered from a 2.5-week low and is up +0.03%.  China's Shanghai Composite closed down -0.42%.  Japan's Nikkei Stock Average closed down -1.89%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -1 tick, and the 10-year T-note yield is up +0.2 bp to 4.519%.  T-notes are under slight pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations.  Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today.  T-notes recovered from their worst levels after the US May CPI report rose as expected, easing inflation concerns.

European government bond yields are moving higher today.  The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +1.7 bp to 3.060%.  The 10-year UK gilt yield is up +1.7 bp to 4.920%.

Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.

US Stock Movers

Chipmakers and AI-infrastructure stocks are leading the broader market lower today.  ON Semiconductor (ON) is down more than -5%, and Qualcomm (QCOM) is down more than -5% to lead losers in the Nasdaq 100.  Also, Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, andAdvanced Micro Devices (AMD), NXP Semiconductors NV (NXPI), ARM Holdings Plc (ARM), and Microchip Technology (MCHP) are down more than -3%.  In addition,  Nvidia (NVDA), Marvell Technology (MRVL), and Micron Technology (MU) are down more than -2%.

Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  Old Dominion Freight Line (ODFL) is down more than -4%, and FedEx Freight Holding Co (FDXF), ArcBest (ARCB), and XPO Inc (XPO) are down more than -3%.  Also, Saia Inc (SAIA) is down more than -2%, and CH Robinson Worldwide (CHRW) and JB Hunt Transport Services (JBHT) are down more than -2%.

Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which is boosting fuel costs and dampening profitability prospects.  United Airlines Holdings (UAL), Alaska Air Group (ALK), and Carnival (CCL) are down more than -4%, and American Airlines Group (AAL), Delta Air Lines (DAL), Royal Caribbean Cruises (RCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -3%.  Also, Southwest Airlines (LUV) is down more than -2%.

Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%.  Devon Energy (DVN) is up more than +5%, and APA Corp (APA) is up more than +3%.  Also, ConocoPhillips (COP), Marathon Petroleum (MPC), Phillips 66 (PSX), and Chevron (CVX) are up more than +2%.  In addition, Diamondback Energy (FANG), Exxon Mobil (XOM), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.

Super Micro Computer (SMCI) is down more than -17% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.

Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.

Summit Therapeutics (SMMT) is down more than -7% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.

Cracker Barrel Old Country Store (CBRL) is up more than +27% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.

Casey’s General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.

Illumina (ILMN) is up more than +3% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.

Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.

Earnings Reports(6/10/2026)

Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.28%.  June E-mini S&P futures (ESM26) are down -0.25%, and June E-mini Nasdaq futures (NQM26) are down -0.22%.

Stock indexes are sliding today, led by weakness in technology stocks, as investors rotate out of the sector, weighing on the broader market. Also, trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  However, stock indexes recovered from their worst levels after US May consumer prices came in as expected, easing inflation concerns.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years.  May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.

US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%.  The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.

WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight.  The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter.  In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait.  Losses in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to “pay the price,” fueling concerns that the US may escalate military attacks on Iran.

The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are lower today.  The Euro Stoxx 50 fell to a 2.5-week low and is down -0.34%. China's Shanghai Composite closed down -0.42%.  Japan's Nikkei Stock Average closed down -1.89%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -2 ticks, and the 10-year T-note yield is up +0.6 bp to 4.523%.  T-notes are under pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations.  Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today.

Today’s stock weakness has boosted some safe-haven demand for government debt securities and is limiting losses in T-notes.  Also, today’s as-expected US May CPI report limited the downside in T-notes.

European government bond yields are moving higher today.  The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +2.7 bp to 3.070%.  The 10-year UK gilt yield is up +2.1 bp to 4.924%.

Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.

US Stock Movers

The weakness in chipmakers and AI-infrastructure stocks is leading the broader market lower today.  Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, and Seagate Technology Holdings Plc (STX) is down more than -3%.  Also, Micron Technology (MU) is down more than -2%, and Nvidia (NVDA), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) are down more than -1%.

Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  ArcBest (ARCB) is down more than -7%, and Old Dominion Freight Line (ODFL) is down more than -6% to lead losers in the Nasdaq 100.  Also, Saia Inc (SAIA) and XPO Inc (XPO) are down more than -5%.  In addition, FedEx Freight Holding Co (FDXF), CH Robinson Worldwide (CHRW), and JB Hunt Transport Services (JBHT) are down more than -2%.

Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which boosts fuel costs and dampens profitability prospects.  United Airlines Holdings (UAL) and Alaska Air Group (ALK) are down more than -3%, and American Airlines Group (AAL), Delta Air Lines (DAL), and Royal Caribbean Cruises (RCL) are down more than -2%.  Also, Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -1%.

Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%.  Devon Energy (DVN) is up more than +4%, and APA Corp (APA) is up more than +3%.  Also, ConocoPhillips (COP) is up more than +2%, and Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.

Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.

Super Micro Computer (SMCI) is down more than -12% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.

Summit Therapeutics (SMMT) is down more than -3% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.

Cracker Barrel Old Country Store (CBRL) is up more than +31% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.

Casey’s General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.

Illumina (ILMN) is up more than +2% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.

Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.

Earnings Reports(6/10/2026)

Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.28%.  June E-mini S&P futures (ESM26) are down -0.25%, and June E-mini Nasdaq futures (NQM26) are down -0.22%.

Stock indexes are sliding today, led by weakness in technology stocks, as investors rotate out of the sector, weighing on the broader market. Also, trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  However, stock indexes recovered from their worst levels after US May consumer prices came in as expected, easing inflation concerns.

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US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years.  May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.

US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%.  The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.

WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight.  The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter.  In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait.  Losses in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to "pay the price," fueling concerns that the US may escalate military attacks on Iran.

The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are lower today.  The Euro Stoxx 50 fell to a 2.5-week low and is down -0.34%. China's Shanghai Composite closed down -0.42%.  Japan's Nikkei Stock Average closed down -1.89%.

Story Continues

Interest Rates

September 10-year T-notes (ZNU6) today are down -2 ticks, and the 10-year T-note yield is up +0.6 bp to 4.523%.  T-notes are under pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations.  Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today.

Today's stock weakness has boosted some safe-haven demand for government debt securities and is limiting losses in T-notes.  Also, today's as-expected US May CPI report limited the downside in T-notes.

European government bond yields are moving higher today.  The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +2.7 bp to 3.070%.  The 10-year UK gilt yield is up +2.1 bp to 4.924%.

Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.

US Stock Movers

The weakness in chipmakers and AI-infrastructure stocks is leading the broader market lower today.  Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, and Seagate Technology Holdings Plc (STX) is down more than -3%.  Also, Micron Technology (MU) is down more than -2%, and Nvidia (NVDA), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) are down more than -1%.

Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  ArcBest (ARCB) is down more than -7%, and Old Dominion Freight Line (ODFL) is down more than -6% to lead losers in the Nasdaq 100.  Also, Saia Inc (SAIA) and XPO Inc (XPO) are down more than -5%.  In addition, FedEx Freight Holding Co (FDXF), CH Robinson Worldwide (CHRW), and JB Hunt Transport Services (JBHT) are down more than -2%.

Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which boosts fuel costs and dampens profitability prospects.  United Airlines Holdings (UAL) and Alaska Air Group (ALK) are down more than -3%, and American Airlines Group (AAL), Delta Air Lines (DAL), and Royal Caribbean Cruises (RCL) are down more than -2%.  Also, Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -1%.

Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%.  Devon Energy (DVN) is up more than +4%, and APA Corp (APA) is up more than +3%.  Also, ConocoPhillips (COP) is up more than +2%, and Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.

Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.

Super Micro Computer (SMCI) is down more than -12% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.

Summit Therapeutics (SMMT) is down more than -3% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.

Cracker Barrel Old Country Store (CBRL) is up more than +31% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.

Casey's General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.

Illumina (ILMN) is up more than +2% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.

Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.

Earnings Reports(6/10/2026)

Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

South32 Ltd (LSE:S32, ASX:S32, OTC:SHTLF) ist die bevorzugte Mining-Aktie von Citi, da das Bankhaus sich aufgrund seiner verbesserten Prognose für Kupfer- und Aluminiumpreise optimistischer zeigt. Die US-Bank hat ihre langfristigen Kupferprognosen angehoben und erwartet nun Preise von 15.000 US-Dollar pro Tonne innerhalb des nächsten Jahres, gegenüber einem aktuellen LME-Preis unter 13.800 US-Dollar. Citi's Sichtweise basiert auf Unterstützung durch Lieferengpässe, die bis in die Jahre 2027 und 2028 reichen. Diese Prognose hat eine Reihe von Zielpreisanpassungen im Sektor ausgelöst. Citi erhöhte sein Zielpreisziel für South32 auf 320 Pence von 300 Pence, während es BHP Group Ltd (LSE:BHP, ASX:BHP) auf £35 von £29 und Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) auf £81 von £76 hob. Im Vergleich zu BHP oder Rio argumentierten die Analysten von Citi, dass Glencore "unter globalen diversifizierten Minern als bessere Exposition für Kupfer-Steigerung" sei, obwohl Anglo American PLC (LSE:AAL) und Antofagasta PLC (LSE:ANTO) von Investoren als FTSE 100-Miner für Kupferexposition angesehen werden. Citi hielt 'neutral' Ratings bei BHP und Rio Tinto, da die Vorteile aus höheren Kupferpreisen teilweise durch eine abgeschwächte Prognose für Eisenerz ausgeglichen werden, das ein wichtiger Einnahmebeitrag für beide Gruppen bleibt. Im Gegensatz dazu steht South32 weiterhin heraus, weil es Expositionen zu beiden Kupfer und Aluminium bietet, wo Citi auch einen Aufwärtspotenzial sieht. Das Unternehmen wurde als Quelle langfristigen strukturellen Wachstums hervorgehoben. Citi sagte, dass die Konsens-Ertragsprognosen für South32 noch Raum für eine Erhöhung haben, da Analysten stärkere Annahmen für Kupfer- und Aluminiumpreise einbeziehen. Das Bankhaus erwartet, dass das Unternehmen einer der größten Begünstigten von Kommoditätpreisanpassungen in den nächsten zwei Jahren sein wird.

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Die FTSE 100 hielt am Freitag trotz schwacher Bergbaustocks auf bescheidenen Gewinnen fest. Der Dow Jones in New York ging jedoch zurück, nachdem die Arbeitslosenzahlen stärker als erwartet gestiegen waren und damit die Chancen für eine Zinserhöhung im Ausland erhöht wurden.

Die FTSE 100 schloss am Freitag mit einem Plus von 7,73 Punkten bei 10.368,05 zu. Die FTSE 250 fiel um 241,91 Punkte auf 23.060,74, während der AIM All-Share um 10,99 Punkte auf 797,27 sank.

In Europa fielen die CAC 40 in Paris um 0,3% und der DAX 40 in Frankfurt um 0,8%. In New York ging der Dow Jones Industrial Average um 0,3% zurück, der S&P 500 um 1,2% und der Nasdaq Composite um 2,2%.

Die US-Arbeitslosenquote blieb im Mai bei 4,3% unverändert. Die Analysten von TD Economics sagten: "Von der Fed aus gesehen hat sich die Narrative klar verschoben von dem Zeitpunkt, an dem sie wieder schneiden werden, zu dem Zeitpunkt, an dem ihre nächste Bewegung sogar ein Schnitt sein könnte."

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Analysten haben das faire Wertziel für Anglo American um £36,53 auf £36,80 angehoben. Dieser kleine Schritt ist wichtig, wenn man weiß, wo der Aktienkurs mögliche Unterstützung bieten könnte. Diese Änderung steht im Gegensatz zu den Zielzielen von 2.800 bis 4.000 GBp, die von den Analysten auf der Straße angegeben werden und sich in einem geteilten Bild über Risiko und potenziellen Aufwärtsdruck widerspiegeln. Lesen Sie weiter, um zu sehen, wie diese sich bewegenden Ziele interpretiert werden können und wie man mit dem sich ändernden Narrativ von Anglo American Schritt halten kann.