Intel-Apple Deal Sparks Tech Rally; Oil Plunges as Hormuz Reopens

Today's AI insights from 7horns.ai: Our latest stock market analysis highlights a powerful rally as the Nasdaq Composite surged 1.91% to 26,517.93, propelled by a landmark manufacturing partnership between Intel and Apple that boosted Intel shares by over 10%. Concurrently, Brent crude oil prices fell 9% as the Strait of Hormuz reopened, fundamentally altering the global market outlook. This critical financial news and our AI-powered analysis provide the trading insights and AI market intelligence necessary to navigate shifting interest rate expectations and upcoming earnings from Micron Technology with data-driven investing. AI insights powered by 7horns.ai. Visit 7horns.ai for your free daily AI market analysis.

You are listening to Seven Horns AI — your AI-powered market update. Welcome to our weekend market review for Sunday, June twenty-first, twenty twenty-six. U.S. markets were closed on Friday for the Juneteenth holiday, making Thursday's session the final trading day of the week. Thursday delivered a powerful, tech-led advance. The S and P five hundred posted solid gains, rising one point zero eight percent to close at seventy-five hundred point fifty-eight. The Nasdaq Composite moved notably higher, gaining one point nine one percent to finish at twenty-six thousand five hundred seventeen point ninety-three, propelled by massive interest in artificial intelligence and semiconductors. Meanwhile, the Dow Jones Industrial Average was essentially flat, ticking up just zero point fourteen percent to close at fifty-one thousand five hundred sixty-four point seventy. This divergence highlighted a narrow, tech-focused rally. The major catalyst was a historic domestic manufacturing partnership announcement between Intel and Apple, which sent Intel shares up more than ten percent. The broader chip sector rallied in response, with Nvidia gaining nearly three percent. However, the legacy I T services sector was hammered following an Accenture guidance cut, dragging Cognizant down more than ten percent and IBM down about five percent. Beyond the tech sector, macro developments heavily influenced the week's sentiment. A new interim peace agreement between the United States and Iran led to the reopening of the Strait of Hormuz. Consequently, Brent crude fell about nine percent for the week, providing a strong geopolitical tailwind that helped offset a hawkish Federal Reserve meeting. Under new Chair Kevin Warsh, the Fed held interest rates steady at three point five zero to three point seven five percent, but a hawkish dot plot has traders pricing in a seventy percent chance of a rate hike by September, up from just thirty percent before the meeting. Looking ahead to the upcoming week, Sunday evening futures are pointing to a modestly softer open on Monday. S and P five hundred futures and Nasdaq one hundred futures are both down about zero point three three percent, while Dow futures are down zero point two zero percent. In international markets, we are seeing a mixed handoff from Asia as their Monday sessions get underway. Japan's Nikkei two hundred twenty-five index opened two percent higher, hitting fresh record territory on strong technology momentum. Conversely, Hong Kong's Hang Seng Index fell about one point eight percent, weighed down by geopolitical crosscurrents and lower oil prices. Back at home, the economic calendar features critical earnings releases. We will get results from FedEx on Tuesday, June twenty-third, followed by a highly anticipated report from Micron Technology on Wednesday, June twenty-fourth, which will serve as key barometers for global trade and the artificial intelligence hardware cycle. That's your weekend market review from Seven Horns AI. Enjoy the rest of your weekend, and we'll see you when the bell rings Monday. Visit seven horns dot a i for more insights.