Stock market news for June 15, 2026

SpaceX shares may have more room to run as major indexes prepare to add the newly list public company, SpaceX, according to Dan Niles, founder of Niles Investment Management. But after this metric like valuation etc. are going to matter, he warns.

“As we learned during the meme stock craze, valuations can always go much higher than you ever imagined, but eventually they do normalize out,” he said in a recent interview with CNBC.

High valued stocks can continue to rise before eventually returning to levels supported by fundamentals. Niles analysis comes after SpaceX prepares to be added on different indexes.

Russell plans to add SpaceX to its indexes on June 26, after which MSCI will follow roughly 10 trading days of the IPO, on June 29. The Nasdaq-100 will add the stock after about 15 trading days after a recent rule change by the Nasdaq, which fast tracks the inclusion of newly public companies such as SpaceX into indexes that previously had to wait to prove their profitability.

— Deena Zaidi

Goldman Sachs is benefitting once again on Monday from its connection to the SpaceX debut.

Shares of the bank, which was the lead-left position on the rocket company’s public offering, climbed about 1.5% in Monday’s session. Goldman shares jumped more than 2.6% in Friday trading.

That placed Goldman among the top performers for a second straight day in the Invesco KBW Bank ETF (KBWB). As a whole, the fund ticked down 0.2% on Monday.

Shares of DoorDash rallied more than 11% in afternoon trading Monday, on pace for its best day going back to April 9, 2025.

DoorDash was one of a number of stocks that jumped Monday after a preliminary deal to end the U.S.-Iran conflict removed a major overhang for companies especially vulnerable to higher oil prices. Shares of the food delivery company remain more than 40% off their recent highs.

“We think the potential of a more severe gas price impact has been a modest sector overhang,” Justin Post, research analyst at Bank of America Securities, wrote on Monday. “However, we think DoorDash (-15% since 2/27), has had the largest margin overhang in the group, and is best positioned to benefit from ME conflict resolution. Reiterate Buy.”

A rebound for gold now looks likely, as it moves closer to Barclays fair value estimate of $4,150 an ounce.

According to Barclays analysis, this looks more like a reset than a break in the longer-term case, pointing to the collective impact of the stronger dollar/stronger equity market combination and a crowded positioning that likely amplified the sell-off.

Gold (AUG) briefly touched $4,390.8 an ounce Monday, the highest since June 5th, when gold traded as high as $4,508.7 an ounce.

“We remain constructive on gold because the medium-term supports remain intact: persistent inflation, policy uncertainty and continued reserve diversification should reassert themselves once geopolitical stress stabilizes,” according to a research note published Monday by the Barclays team led by Lefteris Farmakis and Themistoklis Fiotakis.

The yellow metal had hit its 6-month low last week on growing concern around higher inflation and a weak technical picture. In a February note, the bank had flagged the risk of a near-term pause in the gold price after an exceptionally strong run.

Barclays recent revisit reflects a normalization in real rates alongside a stronger U.S. dollar and a hawkish central bank policy, rather than weakened structural drivers. With risk-reward improving, gold could see more constructive again especially if geopolitical risks recalibrate.

“We revisit that thesis with gold now down 20–25% over roughly 2.5 months, as a Middle East-driven shock has boosted oil, the dollar, yields and equities, outweighing gold’s usual safe-haven support and triggering a sharp correction,” according to Barclays.

— Deena Zaidi

On Monday, 39 stocks in the S&P 500 hit new 52-week highs.

Tickers that hit this milestone included:

• Live Nation Entertainment trading at all-time high levels back to its IPO in December 2005
• Hilton Worldwide trading at all-time highs back to its IPO in December 2013
• Ralph Lauren trading at all-time highs back to its IPO in June, 1997
• Monster Beverage (formerly Hansen Natural) trading at all-time high levels back to its listing on the NASDAQ in 1992
• Target trading at levels not seen since January 2025
• Citigroup trading at levels not seen since November 2008
• Delta Air Lines trading at all-time highs back to its IPO in March 2007
• FedEx trading at all-time high levels back to its IPO in April 1978
• Applied Materials trading at all-time high levels back to its IPO in October 1972
• Advanced Micro Devices trading at all-time high levels back to its IPO in September 1972

On the other hand, three stocks traded at new 52-week lows:

— Christopher Hayes and Lisa Kailai Han

The pan-European Stoxx 600 finished Monday’s session in positive territory, up 0.25% as investors saw an end in sight to the Iran war.

Most regional bourses traded higher, with France’s Cac 40 adding 0.4% and Germany’s DAX adding 1.1%. Oil and gas stocks weighed on the U.K’s FTSE 100, which closed the day down 0.4%. 

Europe’s sectoral picture was mixed, with oil and gas stocks shedding 3%, and telecommunications stocks losing 1.9%. Meanwhile, the autos sector led gains, adding 2.8% on the day, while the construction sector gained 1.8%.

— Joseph Wilkins

The U.S. and Iran have signed a memorandum of understanding, according to a senior administration official told CNBC’s Megan Cassella.

The document was signed electronically on Sunday, and a formal signing ceremony is expected on Friday.

In the memorandum, the administration official said that the two countries agreed on a structure for future negotiations and Iran will not receive any economic benefits of a deal until it takes action on its nuclear program.

The official added that the immediate reopening of the Strait of Hormuz and end of the U.S. naval blockade of the passageway does not mean traffic flows will return to normal in the near-term. However, within two weeks the official said there should be a significant increase in ships moving through it.

— Megan Cassella and Davis Giangiulio

Bitcoin rose on Friday, climbing back above the $66,000 level.

The cryptocurrency was last higher by 4.4% at $66,578.69. This comes after it saw a winning week.

Bitcoin is still down on the year, however, seeing a year-to-date loss of nearly 24%.

U.S. equities jumped on Monday morning.

The Dow Jones Industrial Average rose 607 points, or 1.2%, shortly after 9:30 a.m. ET. The S&P 500 advanced 1.3%, while the Nasdaq Composite gained 2.2%.

— Sean Conlon

Madison Square Garden Sports shares ticked higher after the New York Knick’s secured their first NBA Championship since 1973 by defeating the San Antonio Spurs in Game 5 of the NBA Finals.

MSGS is up significantly with a year-to-date (YTD) return of roughly 49%. Recently, the stock reached an all-time high after the Knick’s playoff run, climbing roughly $390.12 gaining over 150% over the past 12 months. The stock is currently trading at $384.68.

Last month, Madison Square Garden Sports Corp. reported its fiscal third quarter results, posting revenue of $432.2 million, beating the FactSet consensus of $429.7 million.

Investors are also watching a proposed spin-off that would split the Knicks and the New York Rangers into two separate businesses. According to a recent analysis from Guggenheim, could help unlock value of MSGS, along with a potential expansion in Las Vegas and Seattle, which is estimated to bring $450 million to $700 million for the Knicks.

— Deena Zaidi

Factory activity in the New York area slowed more than expected for June, the regional Federal Reserve reported Monday.

The New York Fed’s Empire State Manufacturing Index slipped to 5.7 for the month, a decrease of nearly 14 points from May and below the Dow Jones consensus estimate for 13.9. The index represents the percentage difference between companies reporting growth and contraction.

New orders and shipments both saw sharp declines, while the prices index remained elevated and the employment measure edged higher.

— Jeff Cox

Vice President JD Vance said Monday that he expects the U.S.-Iran deal will open the Strait of Hormuz without a toll system for the long term.

“Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that’s the sort of thing that we’re going to figure out in these technical negotiations,” Vance told CNBC in an interview. Read more.

— Spencer Kimball

Check out the companies making the biggest moves premarket:

Read here for the full list.

— Davis Giangiulio

Fox has agreed to acquire Roku for $160 per share in cash and FOX Class A stock, putting the valuation of Roku at an enterprise value of $22 billion.

“This is a defining moment for FOX, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” Lachlan K. Murdoch, executive Chair and CEO of Fox Corporation, said in a press release.

The acquisition will create a scaled media and technology platform with super release, engagement and monetization capability. The unification is expected to have one of the largest streaming businesses in the U.S. including Tubi and The Roku Channel, reaching over 100 million households.

The combined company will become the third-largest player in U.S. television by share of viewing, with an attractive mix of FOX’s sports, news, and entertainment content, alongside streaming services Tubi and The Roku Channel.

FOX plans to keep its capital return program, target about $400 million run-rate cost synergies, fund cash consideration with new debt and cash, and reach pro forma net leverage near 2.8x, inclusive of 50% credit for run-rate cost synergies.

In 2019, Fox reoriented the company around live news and sports and a year later acquired Tubi to become one of the most successful businesses in streaming.

“I’m incredibly proud of what our team has built, and the combination with FOX is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers, “Anthony Wood, founder, chairman and CEO of Roku, said in a press release. The deal is expected to close in the first half of calendar year 2027.

ROKU resumes trading at 7:30 am ET.

— Deena Zaidi

UniCredit dismissed claims from Commerzbank on Monday that its all-share offer is lower than the data suggests, amid an ongoing takeover tussle between the two lenders. 

UniCredit’s bid for Commerzbank has been challenged by the German bank, which said on June 10 that no institutional investors have tendered. 

The Italian lender said in a statement that Commerzbank’s claims were “false and without foundation,” adding that “tendered shares are tendered shares.”

UniCredit shares were last seen trading up 0.4%, while Commerzbank shares were down 1.8%. 

— Joseph Wilkins

SpaceX shares rose 6% in the premarket, looking to build on their record-setting market debut. The stock popped 19% on Friday, marking the biggest initial public offering in history.

— Fred Imbert

Renault has agreed a partnership with French defense contractor Thales to produce a new armored vehicle, marking the latest collaboration effort between Europe’s auto and defense sectors.

The vehicle’s role includes reconnaissance, troop coordination and UAV deployment, Renault said, and will support maneuvers on “land forces missions in France and overseas.”

Last week, Mercedes-Benz announced a partnership with German startup Tytan Technologies to produce anti-drone vehicles, as the European car industry is increasingly turning to the booming defense sector to boost struggling sales.

Renault shares were last seen up 4%, rising in line with the broader autos index after the U.S. and Iran agreed a peace deal Sunday night, sending European stocks soaring on Monday.

— Joseph Wilkins

Japan’s Nikkei 225 surged to a record intraday high, ending the trading day 5% higher at 69,317.50, while South Korea’s Kospi jumped 5.2% to 8,545.98.

Hong Kong Hang Seng Index was up 0.56% as of its last hour of trading, while mainland’s CSI 300 rose 2.39% to 4,891.71. Australia’s benchmark S&P/ASX 200 rose 1.25% to 8,914. India’s Nifty 50 was last up 1.25%.

—Justina Lee

Europe’s carmakers, airlines and defense companies all advanced on Monday, but the region’s oil majors retreated.

Shares in Renault were up 5.6% by 8:30 a.m. in London (3:30 a.m. E.T.), while Stellantis added 5.6%, with Ferrari up 4.5%. BMW gained 3.9%.

Travel stocks also gained, with German travel and tourism mainstay TUI rising 7.1% and Lufthansa adding 5.7%. Shares in low-cost carrier Ryanair gained 5.5%. International Consolidated Airlines Group, which owns British Airways, Aer Lingus and Iberia, gained more than 4%.

Among regional aerospace stocks, FACC gained 7.4%, as Rolls-Royce notched 5.4% in morning trade. Airbus rose 3.8%.

But energy stocks stumbled, as the tentative Middle East peace agreement dragged oil prices below $80 a barrel for the first time since the U.S.-Iran conflict began.

Var Energi plunged 7.3%, Totalenergies tumbled almost 5.8%, BP was last seen about 4.4% lower, and Shell slipped 4.3%.

— Hugh Leask

The pan-European Stoxx 600 index was up 1.2% at the open on Monday, as markets rallied on news that the U.S. had reached a peace deal with Iran, which includes a toll-free reopening of the Strait of Hormuz.

France’s CAC 40 led the way in early dealmaking with a 1.9% gain, followed by Germany’s DAX, which was up 1.8%. The Italian FTSE MIB added 1.4%, as the U.K. FTSE 100 gained 0.8%, reflecting a drop in energy stocks.

Most regional sectors were also comfortably higher. Carmakers soared 3.7%, as construction companies spiked 3.2%, and travel and leisure stocks advanced 2.8%.

— Hugh Leask

Asian tech stocks surged Monday, as investors cheered Iran and the U.S. agreeing to a deal to end the Middle East conflict.

Japanese tech investor SoftBank was the best performer among major tech stocks in Asia, rising over 12%. Tokyo Electron and Advantest added 9.19% and 7.69% respectively.

Memory chip behemoths and heavyweights on South Korea’s Kospi Index, Samsung Electronics and SK Hynix gained 4.65% and 6.42%, respectively.

Taiwan Semiconductor Manufacturing Co, or TSMC rose 2.16%, while Hon Hai Precision, also known as Foxconn, added 2.5%.

— Justina Lee

Asia-Pacific markets traded higher early Monday, with South Korea’s Kospi leading the advance in the region, rising over 4% at open. The small-cap Kosdaq added 2.34%.

Japan’s Nikkei 225 added 3.51%, while the Topix rose 2.43%. Australia’s benchmark S&P/ASX 200 was up 1.49%.

— Justina Lee

Asia-Pacific markets were set to open broadly higher Monday, with an end to the Middle East conflict in sight as the U.S. and Iran have reached a peace deal.

Japan’s Nikkei 225 was poised to rise, with the Chicago futures contract at 68,355, compared with the index’s previous close of 66,020.40.

Futures for Australia’s S&P/ASX 200 last traded at 8,853, compared with index’s Friday close of 8,804.

Hong Kong Hang Seng index futures were at 24,706, lower than the index’s last close of 24,718.10

Both Iran and the U.S. have agreed to a deal, with both sides declaring immediate and permanent termination of military operations on all fronts, according to Pakistan’s Prime Minister Shehbaz Sharif on Sunday. The official signing ceremony will be on Friday, June 19, in Switzerland, he added. Pakistan has served as a mediator between the two countries.

In a Truth Social post, Trump said that “the Deal with the Islamic Republic of Iran is now complete,” to reopen the Strait of Hormuz without a toll system and the U.S. will also end the naval blockade of Iran. “Ships of the World, start your engines,” Trump said. Let the oil flow!”

— Justina Lee

Crypto traders trying to get ahead of the traditional stock market were pricing in more upside for SpaceX Sunday evening, following its highly successful public debut on Friday.

The SpaceX perpetual futures market on Hyperliquid saw a burst of activity around 5 p.m. ET, with the perp jumping from about $166 to above $180 before pulling back.

Because the contract trades with leverage, the move could also be amplified by a short squeeze, where traders who bet against the contract were forced to buy back positions as prices surged.

— Tanaya Macheel

SpaceX‘s IPO had the largest buy-in from retail investors in recent history, according to VandaTrack.

The firm told clients that individual investors bought around $118 million worth of shares in the rocket company on balance during the session. SpaceX accounted for more than half of all net buying for single stocks in the session, according to Vanda.

But Vanda said retail traders simultaneously dumped big year-to-date winners last week including Micron, Marvell and Robinhood. Across the board, last week saw the weakest net retail buying since March 2020, Vanda found.

In other words: “The SpaceX IPO was not a boat that lifted all tides for retail investors,” Vanda told clients.

SpaceX opened at $150 per share on Friday, marking a roughly 11% gain over its $135 IPO price. Shares surged more than 19% in the session, bringing its market cap above $2 trillion.

— Alex Harring

Oil prices tumbled Sunday after President Donald Trump said the U.S. has completed a deal with Iran to reopen the Strait of Hormuz.

U.S. crude oil futures were down 4.8% to $80.80 per barrel shortly after 6 p.m. ET. Brent futures, the international benchmark, traded 3.9% lower to $83.89 per barrel.

President Donald Trump on Sunday announced the completion of a peace deal to end the war with Iran.

“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on social media. “Congratulations to all!”

“I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump added.

“Ships of the World, start your engines,” Trump wrote. “Let the oil flow!”

— Alex Harring

Stock futures are rising Sunday night.

Dow futures added 0.6% shortly after 6 p.m. ET. S&P 500 and Nasdaq 100 futures jumped 0.7% and 0.8%, respectively.

— Alex Harring