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Monday's gains put D-Wave's stock back into positive territory for the year.
Credit: Cheng Xin / Getty Images

Key Takeaways

• Quantum computing stocks rallied, led by D-Wave, after analysts raised their price target for D-Wave's stock in the wake of its first analyst day earlier this month.
• It's not the first time that good news for one quantum stock has ended up powering notable moves across the sector.

An upbeat outlook on a quantum-computing stock lifted the sector Monday.

D-Wave Quantum (QBTS) shares soared 15% to $27, leading a group of peers higher after analysts from Mizuho raised their price target for the stock to $35 from $29, keeping their "overweight" rating following the firm's first analyst day earlier this month. The analysts said they see D-Wave "maintaining leadership" in one of the two main methods of quantum computing, while also "delivering a roadmap" to the other method, making it a "dual-platform" company.

Good news for one quantum stock can often lead to gains for the broader sector. That was the case back in April, when the announcement of new AI models from Nvidia (NVDA) aimed at the industry sent shares surging. Last month, the stocks were boosted by news that the Trump administration would take stakes in several public and private quantum computing firms as part of handing out funding from the CHIPS Act passed by the Biden administration.

Why This Matters to Investors

The new price target could serve as a positive sign to investors that more gains could be ahead for the quantum computing sector.

Fellow stocks in the industry popped alongside D-Wave today. Quantum Computing (QUBT) was up 15%, while Rigetti Computing (RGTI) and IonQ (IONQ) jumped 11% and 9%, respectively.

While all four stocks are now in positive territory for the year, they are off last October's highs set when investors were increasingly betting on the long-term potential of the industry.

Monday's gains put D-Wave back into positive territory for 2026. Its rivals are up anywhere from 5% to 40% since the start of the year.

Read Investopedia's full coverage of today's trading here.

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Credit: IonQ has led the quantum industry's gains this year.

President Donald Trump said the Strait of Hormuz would reopen after a formal signing on Friday. A political billboard seen last month featured Trump's face.
Credit: ATTA KENARE / AFP via Getty Images

Key Takeaways

• Stocks soared on Monday after the U.S. and Iran struck a deal to end their war and reopen the Strait of Hormuz, though conflicting messages out of the White House and Tehran stirred confusion about the timeline and details of the agreement.
• Experts warn that transiting the strait remains risky until the U.S. and Iran offer seafarers greater certainty that the conflict is over.

Wall Street is cheering an end to the war in Iran. It may be a while before investors get an end to war-related uncertainty.

For now, markets are green. Stocks soared on Monday, with the S&P 500 rallying nearly 2% and the Nasdaq even further, while oil prices dropped after the U.S. and Iran struck a deal expected to reopen the Strait of Hormuz, the vital oil trade chokepoint that's been effectively closed since early March. "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. Ships of the World, start your engines," wrote President Donald Trump in a Sunday afternoon Truth Social post. A formal signing ceremony is set for Switzerland on Friday.

But mixed messages have amplified confusion about when Middle East oil flows will return to normal. An hour after declaring the strait open on Sunday, Trump said in another Truth Social post that it would open "upon the signing of the Deal on Friday, for purposes of mine removal." The U.S. military has reportedly warned mariners its blockade of Iranian ports remains in effect until Friday's signing. Nonetheless, Trump on Monday wrote: "Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz."

Investors are eager to see the text of the agreement, which had not been published as of Monday afternoon. Vice President JD Vance on Monday told Good Morning America the text would be released to the public later this week, while Trump told reporters it would come after Friday. The fate of Iran's enriched uranium, a major sticking point during negotiations thus far, will reportedly be figured out after the deal is signed. The lifting of U.S. sanctions and return of frozen Iranian assets will also reportedly be discussed further down the line. The deal is said to broker a 60-day ceasefire and time to negotiate Iran's nuclear future, the direction of which is also uncertain.

Why This Matters to Investors

News that the U.S. and Iran are poised to sign a peace deal on Friday in Switzerland has lifted markets to start the week. But there appear to be many details yet to be worked out—and the public has yet to see the deal's formal terms.

Israel also remains a question mark. The agreement reportedly halts all fighting, including between Israel and Iran-backed Hezbollah in Lebanon, but Israel has not signed off on the deal, nor has it committed to ending hostilities. Israeli politicians widely denounced the deal on Monday, with Defense Minister Israel Katz vowing the country would keep troops in the area of southern Lebanon it has occupied despite an official ceasefire.

The U.S. and Iran also appear to be on different pages heading into Friday. Iran's Tasnim News Agency on Monday contested the Trump administration's claim that the strait would be permanently toll free, reporting that Iran intends to begin charging fees 60 days after Friday.

Oil prices fell Monday as investors generally cheered the chance of improved flow through Hormuz, a vital shipping pathway not only for oil but for other vital materials, including fertilizer, plastics and helium. Brent crude futures, the global oil benchmark, were lower, holding at levels in line with early March at the start of the conflict.

Still, the uncertainty was discouraging transits through the strait. "Due to lack of details and a history of overly optimistic reassurances, we believe the security situation for the shipping industry remains volatile, and we still consider it very risky for ships to commence transits at this point," said Jakob Larsen, chief safety and security officer at shipping industry group Bimco. Damage to regional oil infrastructure could also slow the oil market's return to normal.

Space stocks fell sharply following SpaceX's debut, but analysts think the pullback is unjustified.
Credit: Photo by Carlos Chavez / Los Angeles Times via Getty Images

Key Takeaways

• KeyBanc Capital Markets boosted its rating on shares of Rocket Lab and Firefly Aerospace on Monday, with price targets implying substantial upside.
• Some space stocks and space-themed ETFs including Procure Space and Tema Space Innovators are recovering post-SpaceX, and KeyBanc sees opportunity in the broader sector.

SpaceX's trading debut knocked space stocks out of the stratosphere. Some experts say they can rise again.

Several space-related stocks and funds—from Virgin Galactic Holdings (SPCE) and Planet Labs (PL) to the Global X Space Tech (ORBX) and Procure Space (UFO) ETFs—fell sharply on Friday, with a few notching double-digit percentage losses. They're recovering some of that ground on Monday, though, as Wall Street analysts make the case for the broader space-investment theme. Shares of Rocket Lab (RKLB) and Firefly Aerospace (FLY), which KeyBanc Capital Markets upgraded yesterday, have risen over 5% on Monday, outpacing the climb by broader benchmark indexes.

WHY THIS MATTERS TO YOU

Some investors are treating space stocks like placeholders for SpaceX. Some Wall Street analysts are making a bullish case to consider them as competitors.

KeyBanc analysts said the bruising impact of SpaceX's (SPCX) IPO on the space complex at large on Friday was "unwarranted," naming Rocket Lab and Firefly as two potential beneficiaries of heightened demand for satellites and rockets in a report. The outlook for the space economy "could be as significant as the Industrial Revolution," Michael Leshock and Liam Baker said, with all manner of companies working on ways to use satellite constellations to "make life better on Earth."

Rocket Lab, a launch services company, is the "clear #2 to SPCX" and could have a similar growth profile over time, they said. Its Neutron rocket, a partially reusable two-stage launch vehicle, is on track to debut later this year, they added. Between its execution history and a backlog of contracts worth more than $2.2 billion as of the end of the first quarter, any additional business could be considered "upside," according to the analysts. The company's stock is also joining the Nasdaq 100 on June 22, which could give it a near-term boost as funds tracking the tech-heavy index buy shares.

Firefly has seen better days. Its shares traded in the $70s earlier this year amid the space-stock fever, sold off in late May after announcing a share sale that investors worried would be dilutive, and now sit below their IPO price months shy of the listing's one-year anniversary. But it is among a few top commercial space companies linked to NASA's lunar plans, KeyBanc said. Though the company's launching business is in its early stages, the analysts wrote, it stands to be an "industry leader" over the long term after it proves itself with NASA's moon initiatives, according to the analysts, and upside in the stock could be unlocked when it achieves a "reliable launch cadence."

The firm boosted its rating on both Rocket Lab and Firefly to overweight, effectively a bullish stance, from a neutral one. Its price targets of $135 and $50, respectively, imply upside of at least 40% based on recent price levels.

Roku shares soared 20% Friday, when it was reported that the company was considering a sale.
Credit: Justin Sullivan / Getty Images

Key Takeaways

• Fox has agreed to buy Roku in a deal valuing the streaming device and TV maker at $22 billion, the companies said Monday.
• Analysts said the deal will push Fox further toward streaming, and give the company an answer to worries about a worsening cable TV business.

A multibillion-dollar merger announcement is the latest shakeup in the TV and streaming industry.

Fox Corp. (FOX) said Monday that it has agreed to acquire Roku (ROKU) in a $22 billion deal. The media giant will pay Roku shareholders $160 per share through a mix of $96 in cash and 0.9693 shares of Fox per share of Roku they own, a 34% premium to last Thursday's closing price for Roku, a day before a report that the company was considering a sale. The announcement marks the end of long-running speculation about the possibility Roku might sell.

Why This Matters to Investors

The deal marks the latest combination in the streaming and entertainment industry, as Paramount Skydance's pending acquisition of Warner Bros. Discovery cleared a key regulatory hurdle last week.

Fox shares were down more than 15% in recent trading to near $50, recovering somewhat from earlier levels that were their lowest since May 2025. Roku shares fell nearly 1% to about $142. Roku shares soared 20% Friday, when Bloomberg reported that the streaming device and TV maker was in talks with at least one potential buyer.

The companies said that the newly combined company will represent the third-largest TV company in the U.S. by share of viewing, combining Fox's news, sports, and entertainment channels with Roku's streaming hardware and its Roku Channel streaming platform. The deal expands Fox's previous push into streaming, after acquiring the free, ad-supported service Tubi in 2020 and launching its own streamer, Fox One.

JPMorgan analysts evaluated potential Roku buyers following Friday's Bloomberg report, and said Fox buying the company would "fundamentally pivot the business toward digital and answer long-term concerns" about Fox's reliance on the steadily declining cable TV industry. Market watchers have for years speculated about whether Roku might sell, naming a range of companies—including tech giants, retailers and other streaming companies—as possible buyers.

Pending shareholder and regulatory approvals, the companies said the deal is expected to close in the first half of next year. Fox said it will fund the cash portion of the deal with cash on hand and new debt, including $12 billion in financing from Morgan Stanley (MS), and said Fox shareholders will control about 73% of the newly combined company.

Chip stocks were back on the rise Monday
Credit: Daniel Ceng / Anadolu / Getty Images

Key Takeaways

• Chip, memory, and data storage stocks led markets higher Monday, as the AI trade recovers from a recent pullback.
• Western Digital, Seagate, Micron Technology, Advanced Micro Devices, and Intel were some of the biggest gainers in the S&P 500 and Nasdaq.

The AI trade is off to a strong start this week.

Chip, memory, and data storage stocks were leading markets higher Monday, amid a broad rally after the U.S. reached a peace deal with Iran, as the sector looks to bounce back from a sell-off that slowed the AI trade's momentum earlier this month.

Hard drive makers Western Digital (WDC) and Seagate (STX) were the biggest gainers in the S&P 500 and Nasdaq, with shares up 14% and 9% to new highs, respectively. Memory chipmaker Micron Technology (MU), with shares up around 9%, were less than 2% off their highs earlier this month.

Shares of AI chipmaker Advanced Micro Devices (AMD) surged 9% to a fresh record before paring back some of those gains, while Intel (INTC) climbed close to 4%, nearing last month's record. Nvidia (NVDA) and Broadcom (AVGO) were also higher, with shares up about 2%.

Why This Matters to Investors

The AI trade's strong start Monday could be an encouraging sign for how markets will perform this week.

The moves across the chip sector helped send the Philadelphia Semiconductor Index (SOX) up over 4% to a fresh record high. The Roundhill Memory ETF (DRAM) was up 6% recently, just under highs set earlier this month.

Wedbush analysts said Monday that they also see the market's welcoming reception to SpaceX's (SPCX) market debut as a "Goldilocks outcome" that could be taken as an encouraging signal for the AI trade.

Some concerns around whether many AI stocks have climbed too high, too quickly had given way to a pullback in recent weeks, interrupting a record runup after a flurry of strong earnings reports as big tech companies continue to spend heavily on AI hardware.

Shares of SpaceX finished Friday's session, their first, above their IPO and opening prices.
Credit: Spencer Platt / Getty Images

Key Takeaways

• Shares of SpaceX are jumped further Monday on their second day as a publicly traded company.
• The company's shares finished Friday about 7% above their open price after pulling back from intraday highs. Today they jumped nearly 20% further.

The big day was Friday—but what happens next? That was on investors' minds during the second-ever trading session for Elon Musk's SpaceX.

Those hoping the stock would keep rising weren't disappointed. Shares of SpaceX (SPCX) rose Monday, climbing to new highs after they rose Friday in their first-ever trading session. The debut established the company as the beneficiary of the biggest initial public offering on record. SpaceX, which collects rocket, connectivity and AI businesses under one name, sold more than half a billion shares, raising some $75 billion. The action put SpaceX in the top tier of U.S. stocks by value and ahead of Musk's other public business, Tesla (TSLA).

The stock had a busy Friday, attracting heavy trading volume and big interest from retail investors. The shares, which sold at $135, opened at $150, rose above $176, and ended the day around $161—a bit more than a 7% rise from the open price—after losing some steam to finish the session. They climbed further Monday, finishing up roughly 20% at above $192, putting SpaceX's market value near $2.6 trillion, sixth-highest among U.S. companies. Musk, meanwhile, is now estimated to be a trillionaire on paper.

One theme to watch as the days roll on: What will happen to space stocks and exchange-traded funds, some of which saw big runups ahead of Friday and quite a few—including many with multibillion-dollar market valuations—now that SpaceX is here? The Roundhill Space & Technology ETF (MARS), to name one example, fell 8% on Friday. Virgin Galactic (SPCE) dropped more than 30%, while Rocket Lab (RKLB) was off more than 10%. MARS recovered somewhat today, while Virgin continued to fall and Rocket ticked lower.

"It appears that traders 'bought the rumor' and are now 'selling the news' in non-SPCX names, or maybe they were just using all of the other space stocks as proxies until SPCX began trading," Bespoke analysts wrote Friday. Some space-related assets were rising Monday as markets climbed.

One group of funds that did substantial buying on Friday: Cathie Wood's Ark family of funds, which bought roughly 3.3 million shares across four funds on Friday, according to trade notifications. The largest slug by percentage sits with the ARK Space & Defense Innovation ETF (ARKX), at nearly 7%, according to the firm.

Another theme to follow: When will the next big IPOs land? Two other big private companies have signaled plans to proceed with offerings in AI firms Anthropic and OpenAI.

Read Investopedia's full coverage of Monday's trading here.

This article has been updated since it was first published to reflect the close of Monday's trading.

News of the day for June 15, 2026

Major stock indexes posted gains last week after several days of volatile trading.
Credit: Spencer Platt / Getty Images

Stock futures are rising and oil prices are sliding this morning on news that the U.S. and Iran have agreed to a tentative peace deal; the two countries are scheduled to sign the agreement Friday in Switzerland, and open a 60-day period of talks on issues such as Iran's nuclear program; SpaceX shares are rising after the company carried out the largest IPO ever on Friday; chip stocks are soaring to kick off the week; and investors are looking ahead to Wednesday's Fed policy meeting, the first under new Chair Kevin Warsh. Here's what you need to know today.

Stocks Jump, Oil Tumbles On News of US, Iran Deal

Stock futures are surging and oil is sharply lower, as investors cheer the news that the U.S. and Iran have agreed to a tentative peace deal (more on that below). Futures tied to the S&P 500 and the tech-heavy Nasdaq were recently up 1.3% and 2.2%, respectively, while Dow Jones Industrial Average futures added 1%. The major indexes each rose Friday and posted gains for the week as tech stocks got back to their winning ways, boosted by the launch of SpaceX's IPO on Friday (see more below). WTI crude oil futures were down 5% at around $80.50 per barrel, trading at their lowest levels since the first week of the war in early March, amid hopes that the Strait of Hormuz could be opened soon. Gold futures were up nearly 3% at $4,360 an ounce, while bitcoin traded at $66,200, up from Friday's low below $64,000. The yield on the 10-year Treasury, which influences rates on a variety of consumer loans, fell to 4.46% from Friday's close of 4.49%.

US, Iran Deal Set to Be Signed Friday, But Hurdles Remain

A deal between the U.S. and Iran was announced over the weekend, with the sides set to meet and sign the agreement in Switzerland on Friday. Few details about the initial deal are known, but President Donald Trump has said the Strait of Hormuz will be opened after the agreement is finalized. The deal will extend the ceasefire that was agreed to earlier this year, with a 60-day period of negotiation opening for the countries to discuss outstanding details such as what will happen with the nuclear material Iran already has, a key sticking point in prior negotiations. Another hurdle ahead of the deal being finalized is Israel saying it does not plan to withdraw from Lebanon as part of the deal, which has threatened U.S.-Iran talks previously.

SpaceX Shares Keep Rising After Record-Setting IPO

Friday was a big day for SpaceX (SPCX), but that’s history now. Investors will be tracking shares of Elon Musk’s newly public company as it opens its first week as a public company. On Friday, after pricing its initial public offering shares at $135, the stock opened at $150, rose as high as $176, then finished the day just shy of $161, marking about a 7% first-day rise from the opening price. The IPO, which earned the company some $75 billion in cash, also put SpaceX among the world’s most valuable public companies, with a market value of more than $2.1 trillion. SpaceX shares were up 6% in recent premarket trading to around $170.

AI Stocks Leading the Rally This Morning

The AI trade looks set to keep rolling to start the week, as chip and memory stocks are surging ahead of the bell. The iShares Semiconductor ETF (SOXX) was recently up more than 4%, while the Roundhill Memory ETF (DRAM) jumped 6.5%. Shares of memory chip maker Micron Technology (MU), a top holding in each ETF, were up 8% in recent trading. Shares of chipmakers Advanced Micro Devices (AMD) and Marvell Technology (MRVL) each gained about 5%, while Intel (INTC) added 3.5%. Shares of Sandisk (SNDK) and Western Digital (WDC) rose about 7%, as memory chip stocks extend their hot streak amid a shortage of the components.

Fed Meeting in Focus During Holiday-Shortened Week

Investors will get a break at the end of the week, with stock and bond markets closed Friday for the Juneteenth holiday, but there's busy calendar before the break. The big event of the week is the Fed's policy meeting, with a decision on interest rates set to be announced Wednesday afternoon. The Fed is widely expected to leave its key rate unchanged, but investors will be eager to hear from new Fed Chair Kevin Warsh, who succeed Jerome Powell in the position last month. Retail sales data for May is due out Wednesday, while earnings reports from several noteworthy companies including La-Z-Boy (LZB), CarMax (KMX), Kroger (KR) and Accenture (ACN) are also slated to be released this week.

The changes in lifestyle could result in new or changed expenses on top of the cost of the drugs, which can be up to $1,000 a month.
Credit: martin-dm / Getty Images

What You Need to Know

• Increasingly popular weight loss drugs are affecting the finances of people who take them in large ways and small.
• People who take GLP-1s significantly cut back on eating out and food delivery, and need to buy new clothes, according to surveys.

Weight-loss drugs are reshaping the spending habits of those who take them, influencing the broader economy in subtle yet noticeable ways.

New surveys shed light on how popular GLP-1 medications such as Ozempic and Mounjaro change how people eat, drink, and shop, even after they stop taking them. A survey by Deutsche Bank found people taking the drugs went to restaurants and ordered out half as often as they did before, while spending slightly more at each visit. 

A separate analysis by market research firm Coresight found 72% of GLP-1 users had dropped at least one clothing size, suggesting an increased need to buy clothes. They are also contributing to the estimated $47 billion in apparel customers send back to online retailers each year because it doesn't fit.

What This Means For the Economy

The rise of GLP-1 medications could affect the economy by changing consumer preferences and expenditures, for instance, shifting spending away from restaurants and toward groceries.

"While we're all salivating at the prospect of where AI can go in the years ahead, perhaps the bigger leap in the near term is the technological miracle that is stopping us salivating at all," Jim Reid, global head of macro and thematic strategy at Deutsche Bank, wrote in a commentary. "Maybe GLP-1 is the real short-term general-purpose technology for a wider range of consumers, especially in the U.S."

The new data illuminate the less obvious financial effects of the medications, which nearly 12% of U.S. adults have used at some point, according to a poll last August by Rand. They could be even more popular now that the drugs are being released in the form of pills rather than injections.

These changes are minor compared to the cost of medications themselves, which can reach up to $1,000 a month, depending on the brand and whether they are covered by insurance. 

The drugs do save patients money in the long run by preventing costly chronic illnesses such as diabetes. However, the benefit does not outweigh the cost, according to an analysis last year by researchers at the University of Chicago. They found that covering GLP-1s for weight loss through Medicaid would cost about $66 billion but only save $18 billion by preventing other illnesses.

Economists and other researchers have been studying how the drugs could impact the economy far beyond healthcare. For example, they could save airlines as much as $580 million a year in fuel costs by making passengers lighter, according to an analysis by financial firm Jefferies, reported earlier this year.

Deutsche Bank's survey of 550 people showed GLP-1 users changed what they bought, in addition to where they ate, buying less chocolate, candy, ice cream, and salty snacks and more fruits, vegetables, nuts, and protein shakes, for example.

The changes to dining out habits mostly stuck even after people quit the medication, according to the poll.

President Trump posted on Truth Social Sunday that the U.S. reached a peace deal with Iran.
Credit: Jim Lo Scalzo / EPA / Bloomberg / Getty Images

Key Takeaways

• Stock futures climbed and oil prices slid after the U.S. and Iran reached a deal bringing their nearly four-month war to an end.
• A signing ceremony is expected to be held on Friday in Switzerland.

Financial markets could start the week strong after the U.S. and Iran reached a peace deal over the weekend.

Stock futures climbed Sunday evening, and oil prices slid, evening after the U.S. and Iran said the countries had agreed to a deal that would bring their nearly four-month war to an end. Futures tied to the S&P 500 were recently up about 1%, while those tied to stocks seen as comparatively risky—including the tech-focused Nasdaq 100 and the smallcap Russell 2000—were up even more.

"The Deal with the Islamic Republic of Iran is now complete," President Donald Trump wrote on Truth Social Sunday. He later wrote that he would authorize reopening the Strait of Hormuz, a major shipping route in the Middle East that has been effectively closed since the conflict began in February, when the deal is signed later this week. Iranian officials also confirmed the deal.

Prime Minister Shehbaz Sharif of Pakistan, which helped mediate the deal, said on X that a signing ceremony is expected to be held on Friday in Switzerland.

Why This Matters to Investors

The end of the conflict and reopening of the Strait of Hormuz should come as a relief to many consumers and investors, after an energy shock that's driven up prices and weighed on global economic activity.

Brent crude oil futures, the global benchmark, were down 4% recently at around $83.78 per barrel, trading at their lowest levels since March. WTI futures, the U.S. benchmark, were down nearly 5% to $80.84 per barrel following the news.

Restrictions on traffic through the Strait of Hormuz have squeezed the world's supply of oil, raising energy prices and contributing to higher costs across a wide range of goods. The annual rate of inflation in the U.S. hit 4.2% in May, its highest level in three years, as higher transportation costs were passed along to consumers.

As the war in Iran threatened to further stoke inflation, expectations of a rate cut also dimmed, with the Federal Reserve widely expected to hold rates steady at its meeting Wednesday.

This article has been updated since it was first published to reflect new trading data.

Federal Reserve Chairman Kevin Warsh leaves his swearing-in ceremony.
Credit: Aaron Schwartz / AFP via Getty Images

New Fed chair Kevin Warsh will oversee his first meeting this week, giving investors a chance to see a fresh face and a new perspective.

The Federal Open Market Committee, including Warsh, is slated to convene Tuesday, and is widely expected to leave interest rates unchanged when the meeting concludes Wednesday. Warsh is slated to hold a press conference, which will be one of his first opportunities to lay out a vision for confronting inflation.

Warsh accepted the nomination in January, when markets were embracing the possibility of rate cuts in the year ahead; inflation was declining, and the job market was lackluster. The war with Iran has upended those expectations. Soaring energy prices pushed inflation to a three-year high last month, and hiring has repeatedly surpassed expectations. 

A number of Fed officials have said the central bank may need to raise the federal funds rate in the hopes of curbing inflation without quashing the labor market. Investors will give considerable weight to Warsh's outlook—and how much detail it contains.

Warsh believes the Fed should be circumspect about its longer-term thinking, arguing the central bank boxes itself in with detailed disclosures and forecasts. If the Fed says less, however, markets may move more in response to economic indicators as investors try to surmise future Fed moves, analysts say.

Investors will get a look at how consumers are adapting to higher prices when May retail sales data comes out Wednesday. Results from CarMax, La-Z-Boy and supermarket giant Kroger will round out the short week. (Stock and bond markets will be closed Friday for Juneteenth.)

Market Recap

Stocks came under some pressure last week, but the major U.S. indexes managed weekly gains amid optimism about a possible resolution to the U.S.-Iran conflict and the arrival of the SpaceX IPO. That latter deal, which raised more money than any IPO ever, helped lift stocks on Friday, with the company's shares finishing the day above their offer and open prices. The S&P 500, Nasdaq Composite and Dow Jones Industrial Average all booked gains Friday, while oil prices retreated. Read our week-end trading roundup here.

This Week's Top Events

Here's a look at notable events happening in the week ahead. TradingView publishes a more detailed calendar, but clicking the link will take you off the Investopedia site.

• Tuesday, June 16: La-Z-Boy (LZB) is set to release its fourth-quarter results after the closing bell, followed by a conference call Wednesday at 8:30 a.m. ET. Investors will watch for signs of strain after another furniture company, MillerKnoll, tempered its outlook in response to soaring logistics costs and shipping disruptions.
• Wednesday, June 17: CarMax (KMX) plans to share its first-quarter results before the stock market opens, and host a conference call at 8:00 a.m. ET. The used-car company recently brought in a new CEO, Keith Barr, who is contending with pressure from activist firm Starboard Value.
• Wednesday: The Census Bureau is scheduled to release May retail sales figures at 8:30 a.m. ET. Retail spending ticked up 0.5% from March to April, with most of the growth concentrated at gas stations. Americans are putting less gas in the tank, frequenting pumps at wholesale clubs and making fewer stops at discretionary stores as they try to curtail spending.
• Wednesday: Jabil (JBL) is slated to release its third-quarter results before the opening bell, and host a conference call at 8:30 a.m. ET. Investors will look for signs that the AI buildout is fueling demand for Jabil's circuit boards. Shares have shot up some 65% this year.
• Wednesday: The Federal Open Market Committee is slated to announce its interest rate decision at 2 p.m. ET, followed by a press conference with Warsh at 2:30 p.m. ET.
• Thursday, June 18: Kroger (KR) has scheduled a conference call on its first-quarter results at 8 a.m. ET, with the numbers expected earlier that day. CEO John Foran—a relatively new hire—said last month that the supermarket operator is trying to win market share by cutting prices.
• Thursday: Accenture (ACN) is set to host a conference call on its third-quarter results at 8 a.m. ET, with the figures released ahead of the event. Investors are worried Accenture may lose ground as the federal government curtails spending and AI tools advance.

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