• Market recap: The Dow gained 329 points to close at a record of 52,000, though the S&P and Nasdaq fell. While JPMorgan (JPM) climbed 3%, AMD (AMD), Micron (MU), and Broadcom (AVGO) slumped 4-7%. Source: CNBC.
• SpaceX tops Amazon: SpaceX (SPCX) gained 4% premarket, lifting its market capitalization above Amazon (AMZN) — and briefly past Microsoft (MSFT). Source: CNBC.
• La-Z-Boy profit jumps: La-Z-Boy (LZB) reported stronger quarterly earnings, with adjusted EPS of $1.26 topping expectations as retail sales benefited from store expansion and acquisitions. Shares rocketed 16% premarket. Source: WSJ.
• Intel hits production milestone: Intel (INTC) started manufacturing its 18A-P chip node, a key step toward winning outside foundry customers like Apple (AAPL). The milestone supports Intel’s turnaround effort, with shares up 4% premarket after yesterday's 8.5% downturn. Source: CNBC.
• Rivian cuts workforce: Rivian (RIVN) laid off hundreds of employees, affecting less than 2% of staff, as it restructures to improve profitability ahead of a critical SUV launch. Shares tumbled 4.5%. Source: WSJ.
• CME names next CEO: CME Group (CME) said longstanding CEO Terry Duffy will step down in March 2027 and become executive chairman, with CFO Lynne Fitzpatrick succeeding him. Shares fell 4% premarket. Source: CNBC.
• Goldman leads M&A surge: Goldman Sachs (GS) has advised on more than $1T of announced M&A in 2026, a record first-half pace, as AI deals and consolidation lift global volumes. Shares are up 24% YTD. Source: Reuters.
• DOJ backs xAI in pollution case: The Justice Department asked a court to dismiss a Clean Air Act lawsuit against xAI’s (SPCX) Mississippi data center, arguing that the facility supports national-security AI operations. Source: NY Times.
• Kohl’s hires new COO: Kohl's (KSS) appointed former Foot Locker (FL) executive Elliott Rodgers as chief operating officer, effective Sept. 9. Shares fell 4%. Source: WSJ.
• Toyota shareholders back leadership: Toyota (TM) shareholders reelected Chairman Akio Toyoda and approved new CEO Kenta Kon as a board member. Shares fell 1% premarket. Source: Reuters.
• Trump boosts munitions suppliers: President Trump invoked the Defense Production Act to accelerate U.S. munitions production after heavy weapons use in the Iran war depleted inventories. Defense contractors like Honeywell (HON), Lockheed Martin (LMT), and RTX (RTX) rose 1-2%. Source: WSJ.

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• Snap launches AR glasses: Snap (SNAP) unveiled its first augmented-reality glasses meant for consumers, though the company remains unprofitable. Shares plummeted 10%. Source: CNBC.
• Apple plans AI AirPods: Apple (AAPL) is targeting a late-2027 launch for camera-equipped AirPods that use visual AI to give Siri real-world context. Shares rose 1%. Source: Bloomberg.
• Google rolls out Wear OS 7: Google (GOOGL) is beginning the Wear OS 7 rollout for Pixel Watches, adding Live Updates, up to 10% better battery life, and Gemini AI features. Shares rose 1%. Source: The Verge.

• Retail sales beat forecasts: U.S. retail sales rose 0.9% in May, topping expectations, while core sales gained 0.7%. Still, April's gain was revised down to 0.4%. Source: Reuters.
• Oil reserves hit 43-year low: The U.S. Strategic Petroleum Reserve fell to 340.3M barrels last week, its lowest level since 1983. Ongoing drawdowns tied to the Iran war have eased oil-price pressure but raised energy security concerns. Source: CNN.
• Homebuilding slumps to 6-year low: U.S. housing starts fell 15.4% in May to the weakest pace since 2020, driven by a 40.2% drop in multifamily construction. The data highlight ongoing housing-market weakness, with the figure missing forecasts. Source: Bloomberg.
• LA imports surge: Imports to the Port of Los Angeles jumped 26% in May, hitting their 2nd-highest level ever, as retailers accelerated shipments before carriers passed along higher fuel costs. Source: Reuters.

• British inflation flatlines: U.K. inflation remained at 2.8% in May, below expectations for an increase. The figure may ease rate-hike pressure on policymakers. Source: CNBC.
• Sweden holds rates: Sweden’s central bank kept its policy rate at 1.75% but noted higher likelihood of a rate increase later this year. Source: Bloomberg.
• Japanese exports surge: Japan’s May exports rose 17%, the fastest growth since 2022 and above forecasts. The uptick was led by a 61.2% jump in semiconductor shipments amid strong AI demand. Source: CNBC.

• E.U. approves U.S. trade pact: European lawmakers approved key parts of a trade agreement with the U.S., including zero tariffs on many industrial goods. The deal reduces trade barriers and lowers uncertainty for exporters, pending final member-state approval. Source: NY Times.
• Iran deal to unlock oil exports: A draft Washington-Tehran peace agreement would immediately allow Iranian oil exports, end the U.S. naval blockade, and support a $300B economic development program for Iran. Source: Bloomberg.
• Court lets tariffs stay: In a win for the White House, a federal appeals court allowed the Trump admin. to keep enforcing its 10% global tariffs while litigation continues. Source: Bloomberg.
• Primaries give Trump mixed results: President Trump’s endorsed candidates won key Republican contests in Alabama and Oklahoma, but his pick for Georgia governor lost. An election denier also lost the GOP nomination for GA secretary of state. Source: AP.
• Feds charge anti-ICE protesters: Federal prosecutors charged 15 Minnesota activists with conspiracy, raising free speech concerns. The DOJ alleges that the activists organized barriers and coordinated efforts to impede immigration enforcement. Sources: WSJ / NY Times.

• 7:00 AM: MBA 30-Year Mortgage Rate
• 8:30 AM: Retail Sales MoM, Retail Sales Control Group MoM, & Retail Sales Excl. Autos MoM
• 10:00 AM: Business Inventories MoM
• 10:00 AM: Pending Home Sales MoM & YoY
• 10:30 AM: EIA Crude Oil & Gasoline Stocks Change
• 2:00 PM: Fed Interest Rate Decision
• 2:00 PM: FOMC Economic Projections
• 2:30 PM: Fed Press Conference

Jabil (JBL) has released its quarterly earnings.

• Revenue of $8.75B (+11.79% YoY) beats by $116.29M.
• EPS of $3.16 (+23.92% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

CarMax (KMX) has released its quarterly earnings.

• Revenue of $8.01B (+6.19% YoY) beats by $558.58M.
• EPS of $1.31 (-5.07% YoY) beats by $0.37.
• Financials · As Reported · Metrics · Press Release

Accenture (ACN) will report tomorrow before market open.

• Analysts estimate revenue of $18.76B (+6.01% YoY).
• EPS is estimated to be $3.71 (+6.30% YoY).
• Financials · As Reported · Metrics

The Kroger Co. (KR) will report tomorrow before market open.

• Analysts estimate revenue of $45.39B (+0.59% YoY).
• EPS is estimated to be $1.59 (+6.71% YoY).
• Financials · As Reported · Metrics

FedEx (FDX) will report Tuesday.

• Analysts estimate revenue of $24.01B (+8.17% YoY).
• EPS is estimated to be $5.92 (-2.47% YoY).
• Financials · As Reported · Metrics

Carnival Corporation (CCL) will report Tuesday.

• Analysts estimate revenue of $6.67B (+5.48% YoY).
• EPS is estimated to be $0.34 (-2.86% YoY).
• Financials · As Reported · Metrics

• Estimated Thursday, June 18: First Carolina Financial Services, Inc. (FCBM), a financial services company with $231.98M in TTM revenue and 28.2% revenue growth YoY.
• Estimated Thursday, June 18: Kardigan, Inc. (KARD), a cardiovascular ​drug ‌developer.
• Estimated Friday, June 19: MetaOptics Ltd (MOT), a Singapore-based optical lenses maker with $613,198 in TTM revenue and 891.2% revenue growth YoY.