US Stocks Start Week higher

2026-06-22 13:37 By Andre Joaquim 1 min. read

US stocks rose on Monday, extending the rebound from last week on fresh optimism that peace in the Middle East would re-establish energy supply from the region.

The S&P 500 and Nasdaq 100 inched higher while the Dow gained over 200 points.

Iran stated there was major progress in the recent discussions with the US as both sides agreed to reach a peace deal within two months.

Prices for energy commodities fell further on hopes of restored supply, although lingering expectations of a hawkish Fed following last week's meetings prevented support for Treasuries.

Chip producers extended their historic rally with Micron and Sandisk adding 5%.

Meanwhile, AI hyperscalers extended their underperformance with Amazon, Oracle, and Meta dropping over 2% each on concerns over soaring AI capex.

Likewise, SpaceX sank 5% after announcing a new bond sale, although it remains 40% above its IPO.

Also, AbbVie added 1% after agreeing to buy Apogee Therapeutics in a $10.9 billion cash deal.



News Stream
Tech Stocks Weigh on Indices
US stock indices were mixed as progress in restoring energy supply from the Middle East offset fresh weakness for AI hyperscalers. The S&P 500 and the Nasdaq 100 swung to trade lower, while the Dow maintained its 200 point gain. Iran stated there was major progress in the recent discussions with the US as both sides agreed to reach a peace deal within two months. Prices for energy commodities fell further on hopes of restored supply, although lingering expectations of a hawkish Fed following last week's meetings prevented support for Treasuries. Chip producers extended their historic rally with Micron and Sandisk adding 5%. Banks were also higher with BofA and JPMorgan adding around 2%. In turn, Alphabet sank 10% while Palantir, Amazon, and Meta fell around 4% on concerns over soaring AI capex. Likewise, SpaceX sank 5% after announcing a new bond sale, although it remains 40% above its IPO. AbbVie added 1% after agreeing to buy Apogee Therapeutics in a $10.9 billion cash deal.
2026-06-22
The Dow Jones Index Opens 0.30% Higher
The Dow Jones Index is up by 155 points or 0.30 percent on Monday. Top gainers are Caterpillar (2.49%), Amgen (1.45%) and Nvidia (1.34%). Biggest losses came from Home Depot (-1.88%), Amazon (-1.76%) and McDonalds (-1.22%).
2026-06-22
US Stocks Start Week higher
US stocks rose on Monday, extending the rebound from last week on fresh optimism that peace in the Middle East would re-establish energy supply from the region. The S&P 500 and Nasdaq 100 inched higher while the Dow gained over 200 points. Iran stated there was major progress in the recent discussions with the US as both sides agreed to reach a peace deal within two months. Prices for energy commodities fell further on hopes of restored supply, although lingering expectations of a hawkish Fed following last week's meetings prevented support for Treasuries. Chip producers extended their historic rally with Micron and Sandisk adding 5%. Meanwhile, AI hyperscalers extended their underperformance with Amazon, Oracle, and Meta dropping over 2% each on concerns over soaring AI capex. Likewise, SpaceX sank 5% after announcing a new bond sale, although it remains 40% above its IPO. Also, AbbVie added 1% after agreeing to buy Apogee Therapeutics in a $10.9 billion cash deal.
2026-06-22