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EPA:BNPP 18 June 2026

AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Chips push Wall St higher, oil’s slide softens Fed hit

Intel surged nearly 8% after President Trump announced Apple will partner with the company on U.S. chip design and manufacturing, driving chip shares higher and lifting the Nasdaq 1.25%, even as the Fed held rates steady and signaled a possible hike, and oil prices fell following a U.S.-Iran agreement to reopen the Strait of Hormuz.
18 June 2026
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Stock Market Today

  • U.S. Regulators Approve Faster Power Connections for AI Data Centers
    June 18, 2026, 12:06 PM EDT. Federal Energy Regulatory Commission (FERC) unanimously approved a plan to accelerate grid connections for large energy users, including AI data centers, amid growing demand. The move, supported by Energy Secretary Chris Wright, aims to boost U.S. competitiveness in AI against China. While tech firms welcome faster access to power, utilities and states express concerns over reduced control and potential impacts on renewable energy mandates. Clean energy advocates call for aligning new policies with state renewable goals. The decision follows rising unease about data centers' energy consumption, environmental effects, and grid strain, with FERC Chair Laura Swett emphasizing efforts to protect consumer affordability amid expansion.

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AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Chips push Wall St higher, oil’s slide softens Fed hit

18 June 2026
Intel surged nearly 8% after President Trump announced Apple will partner with the company on U.S. chip design and manufacturing, driving chip shares higher and lifting the Nasdaq 1.25%, even as the Fed held rates steady and signaled a possible hike, and oil prices fell following a U.S.-Iran agreement to reopen the Strait of Hormuz.
Dow slips in New York after jobs data boosts rate-hike talk

Dow Gains as Chip Stocks Climb, Oil Drops; Fed Rate Concerns Linger

18 June 2026
Intel surged nearly 10% after Apple agreed to design and manufacture chips with the company, powering a record high for the Philadelphia Semiconductor Index and leading a broad tech rally, while the Dow lagged the S&P 500 and Nasdaq as investors weighed lower oil prices, a steady Fed rate, and rising odds of a September hike.
Apple Faces Key AI Event, Wall Street Focuses on Siri

Apple shares gain after Cook signals price increases to offset chip pressure

18 June 2026
Apple jumped 0.8% to $298.25 early Thursday after CEO Tim Cook said product price hikes are “unavoidable” due to surging memory and storage-chip costs from AI-driven demand, putting investor focus on Apple’s pricing power and margin risks as chip shortages squeeze the tech sector; Intel rose 7.8%, Micron 6.6%.
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