Your Weekly Update for Monday, June 22, 2026.
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Bill Roller
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CHARTERED FINANCIAL ANALYST
CERTIFIED FINANCIAL PLANNERTM
CHARTERED MARKET TECHNICIAN
bill.roller@beaconrwa.com
Summary
Markets were UP last week. The Dow Jones Industrial Average was UP 0.71% to 51,564.69 while the S&P500 ended UP 0.93% to 7,500.58. The Nasdaq Composite ROSE 2.43% to 26,517.93. The annual yield on the 30-year Treasury FELL 7.4 basis point(s) to 4.901%.
Last Week
Closing Market Summary: Stocks finish higher as tech strength outweighs FOMC-driven volatility
The stock market finished a bumpy week on a higher note, with exceptional tech leadership and stable oil prices helping the S&P 500 (+1.1%), Nasdaq Composite (+1.9%), and DJIA (+0.1%) rebound from yesterday’s FOMC-driven selloff and lock in weekly gains.
The top-weighted information technology sector (+2.7%) closed with the widest gain, buoyed by a strong showing from its semiconductor components. Intel (INTC 133.99, +12.89, +10.64%) locked in a double-digit gain after President Trump confirmed the company will partner with Apple (AAPL 298.01, +2.06, +0.70%) to design and manufacture Apple’s chips in the U.S.
Micron (MU 1133.99, +90.80, +8.70%) surged alongside other memory names following a flurry of price target increases, and the PHLX Semiconductor Index finished 6.4% higher, pushing its year-to-date gain past 100%.
Elsewhere in the technology sector, Accenture (ACN 130.54, -25.46, -16.32%) finished as the S&P 500’s worst performer after issuing disappointing forward guidance with its earnings release, weighing on other IT services names such as Cognizant Tech (CTSH 43.70, -5.12, -10.49%) and IBM (IBM 249.10, -13.25, -5.05%).
While semiconductor names were a point of relative strength amid yesterday’s FOMC-driven retreat, today’s action featured considerably stronger performances from mega-cap names outside the information technology sector. Amazon (AMZN 244.39, +6.89, +2.90%) posted a nice gain after Bloomberg reported the company is considering selling its Trainium AI chips to external data centers in a push to challenge NVIDIA’s (NVDA 210.69, +6.04, +2.95%) dominance, while Alphabet (GOOG 367.46, +5.36, +1.48%) and Meta Platforms (META 577.22, +9.64, +1.70%) rebounded from sharply lower finishes yesterday.
The consumer discretionary (+1.8%) and communication services (+1.1%) sectors both outperformed after closing with the widest losses in yesterday’s session, and the Vanguard Mega Cap Growth ETF finished 1.8% higher.
The consumer discretionary sector was also a beneficiary of today’s macro and geopolitical developments. President Trump signed a 60-day memorandum of understanding aimed at ending the conflict in Iran, which would reopen the Strait of Hormuz and reduce risks to global energy supplies. Oil prices moved sharply lower before paring most of their losses to finish little changed, though crude still ended the week only about $10 per barrel above levels seen before the start of the U.S. military campaign against Iran.
Oil- and rate-sensitive stocks outperformed, with Carvana (CVNA 66.55, +3.69, +5.87%) and DoorDash (DASH 173.46, +7.80, +4.71%) finishing as the consumer discretionary sector’s top performers.
Homebuilders such as PulteGroup (PHM 126.96, +5.08, +4.17%) and Lennar (LEN 89.73, +3.25, +3.76%) also posted solid gains, sending the iShares U.S. Home Construction ETF 3.6% higher.
Similarly, building and construction names in the industrials sector (+0.7%) helped the sector notch a higher finish, with electrical names rallying alongside semiconductors.
The rate-sensitive utilities sector (+0.7%) rounds out the five S&P 500 sectors that finished higher, despite a weaker showing from other defensive-oriented sectors such as health care (-0.9%) and consumer staples (-0.6%). Kroger (KR 56.61, -5.21, -8.43%) was a laggard after a slight EPS miss and underwhelming forward guidance.
Unsurprisingly, the energy sector (-1.7%) finished with the widest loss amid the MOA signing between the U.S. and Iran, while other cyclical sectors, such as the financials (-0.9%) and materials (-0.4%) sectors, also lagged.
Outside of the S&P 500, the Russell 2000 (+2.1%) outperformed amid the improving macro backdrop, while the S&P Mid Cap 400 (+1.1%) also captured a nice gain.
Overall, today’s session represented a solid rebound from yesterday’s FOMC-driven weakness, as investors appeared willing to look past the Fed’s more hawkish tone and continue buying into areas of recent strength. Semiconductor stocks once again provided the market’s primary leadership, while easing geopolitical tensions and stable oil prices helped broaden participation and support a constructive finish to the week.
As a reminder, the market will be closed tomorrow for the Juneteenth holiday.
U.S. Treasuries finished the holiday-shortened week in mixed fashion, sending the 30-year yield note yield to a two-month low (4.90%) while the 2-year yield settled at its highest level since February 2025.
The 2-year note yield settled up two basis points to 4.18% (+9 basis points this week), and the 10-year note yield settled down one basis point to 4.45% (-6 basis points this week).
- Russell 2000: +20.1% YTD
- S&P Mid Cap 400: +14.7% YTD
- Nasdaq Composite: +14.1% YTD
- S&P 500: 9.6% YTD
- DJIA: +7.3% YTD
Reviewing Friday’s data:
- Weekly Initial Claims 226K (Briefing.com consensus 226K); Prior was revised to 230K from 229K, Weekly Continuing Claims 1.810 mln; Prior was revised to 1.786 mln from 1.795 mln. The key takeaway from the report is the steady level of initial jobless claims—a leading indicator—which suggests the continuation of low firing activity overall.
- June Philadelphia Fed Index 10.3 (Briefing.com consensus 10.0); Prior -0.4
- May Leading Economic Index 0.1% (Briefing.com consensus 0.1%); Prior was revised to 0.2% from 0.1%
This Week
S&P futures vs fair value: -4.00. Nasdaq futures vs fair value: +50.00.
Equity futures point to a flattish opening this morning as investors monitor mostly optimistic updates on negotiations between the U.S. and Iran coming off the long holiday weekend. The two sides signed a 60-day memorandum of understanding in the previous week, pushing oil prices sharply lower and helping the major averages recover from a post-FOMC meeting selloff to finish higher for the week.
The FOMC kept rates unchanged, but struck a hawkish tone, which bumped up the market’s expectations and timeline of a rate hike. Inflation readings will come fully into focus later in the week with Thursday’s release of the May Personal Income and Spending Report, which includes the PCE Price Index (Briefing.com consensus 0.4%), the Fed’s preferred inflation gauge.
Meanwhile, economic data is on the lighter side today.
Earnings will be lighter throughout the week, with just a handful of S&P 500 names set to report. There is a mega-cap tech/AI component to this week’s earnings with Micron (MU 1,182.32 +48.33, +4.3%) set to report Wednesday afternoon.
In corporate news:
- AbbVie (ABBV 91, +3.42, +1.6%) and Apogee Therapeutics (APGE 133.13, +42.75, +47.3%) enter into a definitive agreement under which AbbVie will acquire Apogee for $135.11 per share in cash.
- Alphabet (GOOG99, -6.47, -1.8%) had a top AI researcher leave the company to join Anthropic, according to Reuters.
Equity indices in the Asia-Pacific region started the week on a mostly higher note with Japan’s Nikkei (+1.6%) and South Korea’s Kospi (+0.7%) settling at fresh records. Japan’s Nikkei: +1.6%, Hong Kong’s Hang Seng: -0.7%, China’s Shanghai Composite: +1.8%, India’s Sensex: +0.4%, South Korea’s Kospi: +0.7%, Australia’s ASX All Ordinaries: -0.2%.
In news:
- Reports from China suggest that consumer demand was a little light on Friday, which was the country’s second-largest shopping festival of the year.
- The People’s Bank of China left its one-year and five-year loan prime rates at their respective 3.50% and 5.00%.
- Nikkei reported that Japan plans to invest JPY10.5 trln in AI-related projects by 2040.
- Expectations for another rate hike from the Bank of Japan are on the rise, with the market growing confident that the increase will be announced no later than October.
In economic data: China’s May FDI -8.6% YTD (last -10.3%) o New Zealand’s May Credit Card Spending 5.1% yr/yr (last 3.1%)
Major European indices trade in mixed fashion. STOXX Europe 600: +0.2%, Germany’s DAX: -0.1%, U.K.’s FTSE 100: +0.5%, France’s CAC 40: -0.4%, Italy’s FTSE MIB: -0.4%, Spain’s IBEX 35: +0.6%.
In news:
- Disgraced British Prime Minister Starmer finally announced his resignation earlier today.
- There is a high likelihood that Greater Manchester Mayor Burnham will run to become the next leader of the Labour party, which would also make him the seventh prime minister in the past ten years.
- Discount carrier EasyJet rejected three takeover offers from a U.S. investor.
In economic data: Switzerland’s May M3 Money Supply CHF1.23 trln (last CHF1.23 trln)
Mortgage Rates
“The 30-year fixed-rate mortgage decreased this week averaging 6.47%,” said Sam Khater, Freddie Mac’s Chief Economist. “Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve.”
The 30-year FRM averaged 6.47% as of June 18, 2026, down from last week when it averaged 6.52%. A year ago at this time, the 30-year FRM averaged 6.81%.
The 15-year FRM averaged 5.81%, down from last week when it averaged 5.84%. A year ago at this time, the 15-year FRM averaged 5.96%.
Selected Cryptocurrencies
| Symbol | Name | Price | 24h % | 7d % | Market Cap | Volume(24h) |
| BTC | Bitcoin | $64,862.43 | 1.42% | -2.04% | $1.3T | $20.3B |
| ETH | Ethereum | $1,762.23 | 2.62% | -0.09% | $212.67B | $12.05B |
| BNB | BNB | $597.91 | 2.05% | -3.63% | $80.58B | $891.44M |
| XRP | XRP | $1.14 | 0.51% | -7.08% | $71.14B | $1.25B |
| SOL | Solana | $74.20 | 1.57% | 2.42% | $43.07B | $2.18B |
| TRX | TRON | $0.33 | 1.54% | 3.32% | $31.41B | $447.8M |
| HYPE | Hyperliquid | $68.15 | 0.47% | 0.56% | $17.26B | $453.44M |
| DOGE | Dogecoin | $0.08 | 1.46% | -6.12% | $14.36B | $366.09M |
| LEO | UNUS SED LEO | $9.56 | 0.00% | -2.39% | $8.79B | $474.55K |
| ZEC | Zcash | $456.38 | 1.45% | -14.01% | $7.62B | $416.5M |
| XLM | Stellar | $0.22 | 2.15% | 6.46% | $7.27B | $180.63M |
| XMR | Monero | $327.07 | 2.21% | -5.04% | $6.13B | $97.66M |
| ADA | Cardano | $0.16 | 0.68% | -13.03% | $5.88B | $294.06M |
| LINK | Chainlink | $8.09 | 2.38% | -2.46% | $5.88B | $222.34M |
| CC | Canton | $0.15 | -1.25% | -8.85% | $5.86B | $14.7M |
| USD1 | World Liberty Financial USD | $1.00 | -0.05% | -0.08% | $4.81B | $1.27B |
| GRAM | Gram (prev. Toncoin) | $1.66 | -0.94% | -5.81% | $4.5B | $37.41M |
Data as of 5:30 AM PDT, Monday, June 22, 2026. Source: https://coinmarketcap.com
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Sources: Bill Roller, BR Capital, Inc. dba Beacon Rock Wealth Advisors American Association for Individual Investors (AAII), Associated Press, Barclays Capital, Bloomberg, Briefing.com, Citigroup, Deutsche Bank, FactSet, Financial Times, Goldman Sachs, JPMorgan Asset Management, MarketfieldAsset Management, Morgan Stanley, MSCI, Morningstar, Northern Trust, Oppenheimer Funds, PIMCO, Standard & Poor’s, StockCharts.com, The Conference Board, Thomson Reuters, T. Rowe Price, U.S. Bureau of Economic Analysis, U.S. Federal Reserve, Wall Street Journal, The Washington Post. Index performance is shown as total return, which includes dividends, with the exception of MSCI-EM, which is quoted as price return/excluding dividends. Performance for the MSCI-EAFE and MSCI-EM indexes is quoted in U.S. Dollar investor terms.
The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product BR Capital, Inc. dba Beacon Rock Wealth Advisors is a registered investment advisor.
Notes key: (+) positive/encouraging development, (0) neutral/inconclusive/no net effect, (-) negative/discouraging development.