US stocks weekly: Recovery

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22/06/2026 11:00

Repeats from Thursday with no changes to text. Updates graphic
** S&P 500 .SPX up second straight week, adds 0.9% as U.S.-Iran deal optimism outweighs hawkish Fed .N
** Dow .DJI climbs 0.7%, finishes off 0.8% from record close, tech-heavy Nasdaq Composite .IXIC pops 2.4%
** Bullish reversal reignites S&P 500’s run at record highs, and markets shake off June slump as Nasdaq eyes new highs; SPX ends week down 1.4% from record close, IXIC down 2.1% from record finish
** U.S. 10-Year Treasury yield US10YT=RR elevates to as high as 4.50% after Federal Reserve Chair Kevin Warsh's debut signals shift toward tighter rates policy, ends around 4.45% US/. Yield steadies, but bigger move still brewing
** Majority of sectors flourish: Technology and Industrials feel most rejuvenated, while defensive proxies and Energy wilt
** Tech .SPLRCT ascends 3.1%. Intel INTC.O leaps after Trump says Apple AAPL.O agreed to partner with INTC to make U.S. chips, and chip stocks rebound to touch fresh peaks
Semiconductor index .SOX surges >7%, notches new all-time high
In contrast, consulting firm Accenture ACN.N slides after downbeat sales forecast

    ** Communication Services .SPLRCL up 1.1%. However, Fox FOXA.O shares slump after $22 bln deal for streaming platform Roku ROKU.O 

    ** Consumer Staples .SPLRCS loses 2.9%. Kroger KR.N falls after it reaffirms annual profit forecast, but flags rising inflation as consumers curb spending 

    ** Healthcare .SPXHC sheds 3%. Though, Moderna MRNA.O rallies after US FDA staff says flu shot data may support use in older adults

    ** Energy .SPNY retreats 6.6%. Group drops as oil tumbles to lowest since start of Iran war after ceasefire agreement O/R. Crude breaks down, tests support as bearish trend builds
** Meanwhile, SpaceX SPCX.O soars after last week's blockbuster IPO, vaults past Amazon's AMZN.O market value as options listing fuels surge, then pulls back
** SPX performance YTD:
     

SP 500 2026 YTD THROUGH JUNE 18 https://fingfx.thomsonreuters.com/gfx/buzz/gkplzgyqopb/SP%20500%202026%20YTD%20through%20June%2018.jpg
(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)
((lance.tupper@tr.com ; terence.gabriel@tr.com))