Stocks finish higher to round out trading week
U.S. equities finished with gains on Thursday.
The S&P 500 rose 1.08% to end the day at 7,500.58, while the Nasdaq Composite gained 1.91% to settle at 26,517.93. The Dow Jones Industrial Average added 72.15 points, or 0.14%, to 51,564.70.
— Sean Conlon
The average buyer in SpaceX post-IPO is nearly under water
Silas Stein | Picture Alliance | Getty Images
The average investor who bought SpaceX shares in the open market after its debut has seen nearly all of their gains disappear as a sharp pullback erased a large chunk of the stock’s post-IPO surge.
Shares of SpaceX fell 6% Thursday to just under $180 a share. The stock’s five-day volume-weighted average price, or VWAP, is $179 a share. VWAP measures the average price a security has traded throughout the day, weighted by trading volume and is widely used by traders to gauge investors’ positioning.
The move suggests the average post-IPO buyer is now approximately breaking even. Read more.
— Yun Li
Russell outperforms, heads for winning week
The Russell 2000 index rose nearly 2% on Thursday, outperforming the three major averages.
That’s more than the 1.4% gain the Nasdaq Composite had seen in afternoon trading, while the S&P 500 and Dow Jones Industrial Average gained 0.9% and 0.1%, respectively.
With those gains, the small-cap index is pacing for a 0.9% on the week.
Russell 2000, 5-day
— Sean Conlon
Stocks making midday moves: Enphase Energy, Corning, Exxon
Here are the companies making headlines in midday trading.
- Enphase Energy — Shares of the global energy technology company jumped 10%. Enphase announced that it began production shipments of its IQ9S microinverters. Barclays also upgraded the stock to equal weight from underweight.
- Artificial intelligence plays — Investors flocked to stocks tied to AI and data center infrastructure. Corning advanced 7%, while Credo Technology added 5%. Photonics company Coherent jumped 4%, and Applied Digital added more than 2%.
- Energy stocks — The energy sector of the S&P 500 slid nearly 2% after President Donald Trump signed a deal with Iranian president Masoud Pezeshkian to end the war in the Middle East. West Texas Intermediate futures for July delivery fell as low as $73.58 per barrel, the lowest level since early March. ConocoPhillips and Occidental Petroleum each dropped about 3%, while Exxon and Chevron lost more than 2%.
Read the full list here.
— Michelle Fox
Kroger poised for worst day since 2021
The Kroger store in the Tates Creek Centre in Lexington, Kentucky.
Charles Bertram | Lexington Herald-Leader | Tribune News Service | Getty Images
Kroger on Thursday headed for its worst day in almost five years after narrowly missing Wall Street’s earnings expectations.
The grocer’s shares dropped about 7.4% around 12:30 p.m. ET and hit a new 52-week low. If that holds through Thursday’s closing bell, it would mark the stock’s biggest one-day loss since tumbling 7.5% during a session in September 2021.
Kroger, 1-day
The Ohio-based company reported $1.58 in first-quarter earnings per share, excluding items, while analysts polled by FactSet anticipated $1.59 a share. However, Kroger posted $46.12 billion in revenue for the quarter, exceeding Wall Street’s forecast for $45.59 billion.
Kroger shares are now down more than 8% in 2026.
— Alex Harring
European stocks finish lower, snapping 5-day win streak
The pan-European Stoxx 600 closed lower on Wednesday, putting an end to its 5-day winning streak.
Major exchanges painted a mixed picture, with the U.K’s FTSE 100 shedding 1%, while Germany’s DAX adding 0.3% and France’s Cac 40 adding 0.4%.
Miners and auto stocks led declines, falling 3% and 2%, respectively, while industrials and travel stocks outperformed the wider index.
— Joseph Wilkins
Bank of America expects increase for Apple’s EPS
Signage at the Apple Fifth Avenue store in New York, US, on Tuesday, Oct. 28, 2025.
Michael Nagle | Bloomberg | Getty Images
Bank of America analysts expect’s Apple’s F26E revenue and EPS estimates to increase to $469.8 billion and $8.63, respectively, from $468.7 billion and $8.61. Price objective will remain unchanged at $380, they added.Â
This comes after CEO Tim Cook told the Wall Street Journal that Apple will be raising its pricing because of memory chip shortage.Â
“With CEO Cook confirming the pricing lever and the continued rise in memory pricing, we raise pricing by an additional $100 on the Pro and Pro-Max models,” they wrote.Â
— Ananya Chetia
UBS downgrades Jefferies Financial Group to neutral from buy
UBS downgraded Jefferies Financial Group to neutral from buy, despite a strong performance this quarter. Analyst Michael Brown did adjust his price target to $67 from $59, implying an upside of 8% from Wednesday’s close.
Brown noted that most of the good news has already been accounted for in the stock price and expects sponsor-driven M&A activity to remain slow, and the open-market share purchases from Sumitomo Mitsui Banking Corporation appear largely done.
“[W]e see limited upside to consensus’ advisory estimates, especially given high growth baked in and the stubbornly gradual pace of sponsor-driven M&A activity,” he said in a note. “In addition, a key near-term catalyst—open-market share purchases from SMBC—appears largely done.”
Brown noted that their position can change if Jefferies has sustainable execution without hiccups, faster sponsor activity, a successful non-core wind-down and better comp leverage.
Jefferies has risen 51% this quarter. However, the stock is up nearly 1% for the year.
— Assiatou Hann
Intel is getting a brand upgrade from Apple deal, says Deepwater
Intel CEO Lip-Bu Tan attends the annual Computex trade show in Taipei, Taiwan, June 2, 2026.
Tsai Hsin-han | Reuters
Intel shares were surging nearly 7% in morning trading on Thursday following an announcement by President Trump that the chipmaker is partnering with Apple to semiconductors in the U.S.
Gene Munster, managing partner at Deepwater Asset Management, told CNBC the partnership amounts to a sort of promotion for Intel from the second tier to the top tier of U.S. tech companies.
“Companies [like Apple, Nvidia and Google] have largely looked down at Intel over the years and that narrative has been changing,” he said. “The reason why Intel’s seeing this pop is it is more of an endorsement that Intel is officially back at the real table, back [to being] considered a real tech company.”
INTC, 1-day
— Tobias Burns
Stocks open higher Thursday
The three leading U.S. indexes began Thursday’s session in the green.
The S&P 500 rose 1.2% shortly after the opening bell, while the Nasdaq Composite gained 1.6%. The Dow Jones Industrial Average increased 438 points, or 0.9%.
— Sean Conlon
Dollar hits highest level in over a year in wake of hawkish Fed meeting
U.S. one hundred dollar bills are shown in Buenos Aires, Argentina, on April 15, 2026.
Matias Baglietto | Nurphoto | Getty Images
The dollar index hit a high of 100.725 on Thursday — its highest level since May 19, 2025 — as investors react to the Federal Reserve signaling Wednesday that interest rates could rise this year.
The U.S. dollar also hit a high of 160.89 against the yen. That’s its highest level since July 11, 2024.
Dollar index, 5-day
— Nick Wells and Sean Conlon
Jobless claims nudge up; Philly Fed manufacturing gauge jumps
Initial unemployment claims edged higher last week but were close to consensus, the Labor Department reported Thursday.
First-time filings totaled a seasonally adjusted 226,000 for the week ended June 13, up 4,000 from the prior period but just above the Dow Jones consensus for 225,000. Continuing claims, which run a week behind, edged higher to 1.81 million.
In other economic news, factory activity in the Philadelphia area was a bit stronger than expected in June, according to the regional Federal Reserve bank.
The Philadelphia Fed manufacturing index climbed to 10.3 for the month, up from -0.4 in May and better than the Wall Street estimate for 9.8. The employment gauge jumped to 7.9 from -2.8, while prices indexes were little changed. New and unfilled orders as well as shipments all posted strong increases.
— Jeff Cox
Pfizer, Accenture and Carnival among the stocks moving in premarket trading
Here are some of the names moving before the opening bell:
- Pfizer — The pharma giant shed 1.5% after it said CFO Dave Denton would step down from his role on Aug. 15. The company named senior vice president of finance Cecile Guegan as interim finance chief.
- Accenture — The global professional services company tumbled 13.4% after it agreed to acquire asset intelligence company runZero and device and software supply chain security company Netrise, as well as a majority stake in cybersecurity company Dragos. The combined deal is valued at approximately $4.175 billion.
- Cruise operators — Falling oil prices pushed shares of cruise operators higher. Carnival, Royal Caribbean and Norwegian Cruise Line all advanced roughly 2%.
Read the full list here.
— Michelle Fox
SpaceX shares fall
SpaceX displayed outside the Nasdaq as the company launches their IPO on June 12th, 2026.
Adam Jeffery | CNBC
SpaceX shares fell more than 1% in the premarket on Thursday, after sliding nearly 5% in the previous session. The stock remains higher by more than 19% this week.
SpaceX, 1-day
— Sarah Min
Intel surges on Trump post
Intel headquarters in Santa Clara, California, on Jan. 22, 2026.
Justin Sullivan | Getty Images
Intel surged 9% in the premarket after President Donald Trump said the company will partner with Apple on designing chips in the U.S.
“Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories,” Trump said in a post on Truth Social. “Apple has agreed to work with Intel to design and build its Chips in America.”
Read more here.
— Fred Imbert
Gas prices fall below $4 in the U.S. for the first time since March 30
Motorists purchase gas at a station on June 09, 2026 in Chicago, Illinois.
Scott Olson | Getty Images
The average price for regular gas fell to $3.999 per gallon, according to AAA, marking the first time since March 30 that it breaks below $4. Prices have also fallen for 28 days in a row, marking the longest streak of declines since November 2023.
— Nick Wells and Fred Imbert
Switzerland’s central bank leaves interest rate unchanged at 0%
The Swiss National Bank kept its main policy rate unchanged 0% on Thursday, in a move that was widely anticipated by markets.
The SNB said that inflation has ticked higher since its last monetary policy statement, increasing to 0.6% in May from 0.1% in February, mainly due to elevated energy costs following the Middle East conflict.
But medium-term inflationary pressure remains “virtually unchanged” in that time, the central bank said in a statement.
USD/CHF.
The Swiss franc was down 0.03% against the dollar at 0.79 around 8:55 a.m. in London (3:55 a.m. E.T.)
Looking ahead, the SNB said the key risk for Switzerland’s economic outlook remains the global economic situation, highlighting both U.S. trade policy and Middle East uncertainty.
“The upward pressure on the Swiss franc could also increase again,” it noted.
— Hugh Leask
Asia-Pacific markets close mostly higher; Kospi and Nikkei 225 hit new highs
Asia-Pacific markets closed mixed Thursday, with South Korea’s Kospi and Japan’s Nikkei 225 jumping to fresh record highs.
The Kospi rose 2.3% to 9,063.84, with index heavyweight SK Hynix advancing 6.51% to notch a fresh high, while Samsung Electronics rose 4.62%. The small-cap Kosdaq index declined over 3%.
Japan’s Nikkei 225 rose 1.65% to close at a record 71,053.49, while the Topix was up 1.37%. Australia’s benchmark S&P/ASX 200 slid 0.62% to end the trading day at 8,911.1.
Hong Kong’s Hang Seng index fell 1.6% to 23,924.8, while mainland China’s CSI 300 added 0.21% to 4,941.60.
— Lee Ying Shan
Stoxx 600 opens lower ahead of central bank interest rate decisions
Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024.
Alex Kraus | Bloomberg | Getty Images
European stock markets opened Thursday’s trading session in mixed territory.
The pan-European Stoxx 600 was 0.1% lower shortly after 8:00 a.m. in London (3:05 a.m. E.T.). Most regional sectors slipped into the red, but a majority of bourses edged higher.
In London, the U.K.’s FTSE 100 was 0.65% lower, while in Paris, the French CAC 40 was up 0.03%. In Frankfurt, Germany’s DAX rose 0.27%. The Italian FTSE MIB added 0.18% in Milan.
Industrials led gains with a 0.46% rise in early trade, while telecoms were up 0.27%.
Interest rate decisions from the Bank of England and the Swiss National Bank are due later. The BoE’s rates-setting Monetary Policy Committee is expected to leave its key interest rate unchanged at 3.75%, while the SNB is also set to hold its rate steady at 0%.
— Hugh Leask
U.K. unemployment rate falls slightly to 4.9%
Commuters cross London Bridge in London, England.
Peter Summers | Getty Images News | Getty Images
The U.K. unemployment rate dropped slightly to 4.9% in the three months to April, from 5% in March, official data published Thursday showed.
Economists polled by Reuters had expected the unemployment rate to hold at 5%.
The latest jobless data release from the U.K.’s Office for National Statistics comes comes ahead of the Bank of England’s latest interest rates decision, due 12 p.m. London time on Thursday. The BoE’s rates-setting Monetary Policy Committee is expected to hold rates steady at 3.75%.
The 5% figure for the three months to March was a surprise increase from 4.9% in February.
— Hugh Leask
Wall Street banks and foreign borrowers are rushing to tap China’s cheap money
Foreign governments, Wall Street banks and multinational companies are flocking to China’s domestic bond market as some of the world’s cheapest borrowing costs turn the yuan into an increasingly attractive funding currency.
The yuan-denominated bonds, also known as panda bonds, are sold by overseas issuers in China’s onshore market and have become a major beneficiary of Beijing’s push to internationalize its currency amid a widening gap between Chinese and Western interest rates.
Issuance has accelerated sharply this year, with sovereign borrowers including Kazakhstan and Pakistan joining global financial institutions such as Morgan Stanley and Deutsche Bank, as well as multinational firms including Volkswagen and Henkel. Deutsche Bank, as recently as late May, announced that it raised 3.5 billion yuan ($518 million) through a heavily oversubscribed three- and five-year panda bond offering.
Read the full story here.
— Lee Ying Shan
Nvidia supplier SK Hynix shares jump as it ships next-gen HBM4E samples
South Korea’s SK Hynix jumped over 3% to a fresh record high after the chipmaker announced it has supplied samples of its 12-layer HBM4E memory chip to key customers.
SK Hynix said in a statement said the next-generation product delivers data transfer speeds of up to 16 gigabits per second per pin and improves power efficiency by more than 20% from previous models.
The South Korean chipmaker is a key HBM supplier to Nvidia.
— Lee Ying Shan
Asia markets open higher, Nikkei 225 and Kospi climbs to another record high
An electronic display shows the benchmark KOSPI index closing at 9,063.84 inside the Korea Exchange (KRX) in Seoul, South Korea, on June 18, 2026.
Chris Jung | Nurphoto | Getty Images
Asia-Pacific markets opened broadly higher, with South Korea’s Kospi and Japan’s Nikkei 225 edging higher to fresh records.
The Kospi rose 0.89%. Index heavyweight SK Hynix advanced 3.45% to notch a fresh high, while Samsung Electronics rose 1.23%. The small-cap Kosdaq declined 0.5%.
Australia’s benchmark S&P/ASX 200 was flat.
Japan’s Nikkei 225 traded 1.35% higher to rise above 71,000 for the first time, while the Topix was up 1.27%.
Hong Kong Hang Seng index futures were last at 24,510, higher than the index’s prior close of 24,493.95.
— Lee Ying Shan
All 11 GICS sectors fall on Wednesday
Stocks fell across the board on Wednesday, with all 11 of the GICS sectors ultimately ending lower.
Leading the losses was the communication services sector, which fell 2.98%. This was followed by the consumer discretionary and real estate sectors, which respectively lost 2.69% and 2.47%.
On the other hand, industrials stocks, which shed a mere 0.12%, was the day’s best-performing sector.
— Lisa Kailai Han
Wednesday marked worst ‘Fed day’ S&P 500 performance under a new chair since 1994
Federal Reserve Chair Kevin Warsh looks on during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC.
Chip Somodevilla | Getty Images
The S&P 500 shed 1.21% on Wednesday, with losses steepening during and after Kevin Warsh’s inaugural press conference as chairman of the Federal Reserve.
That marked the worst performance for the index on the first “Fed day” under a new chair since 1994, according to date from Bespoke Investment Group.
To be sure, only three other new Fed leaders have been named in that timespan: Ben Bernanke, Jerome Powell and Janet Yellen.
Read the full story here.
— Alex Harring and Lisa Kailai Han
Asia markets set for mixed open after Fed’s Warsh unveils central bank overhaul
Asia-Pacific markets looked poised for a mixed start on Thursday after Federal Reserve Chairman Kevin Warsh used his first press conference to unveil a broad review of the central bank’s operations.
Japan’s Nikkei 225 was set to jump, with the Chicago futures contract at 70,825 and its Osaka counterpart last trading at 69,980, compared with the index’s previous close of 69,902.25.
Hong Kong’s Hang Seng index futures were last at 24,200, lower than the index’s last close of 24,312.16.
Futures for Australia’s S&P/ASX 200 traded at 8,909, while the index closed at 8,966.3.
Warsh said the Fed would create five dedicated task forces focused on communications, balance-sheet management, data usage, productivity and employment, as well as the central bank’s approach to inflation targeting.
— Lee Ying Shan
