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Stock Market 20 February 2026
Bitcoin fell to $52,000 as traders increased bearish bets, influenced by a hawkish U.S. Federal Reserve and a stronger dollar. U.S. equity markets saw gains on June 18, with the Nasdaq up 1.91%, the S&P 500 rising 1.08%, and the Dow up 0.14%. Intel shares surged 10.6% after President Trump announced Apple plans to collaborate with Intel on U.S. chip design and manufacturing, though no commercial details were provided. Kardigan, a biotech company, closed its first trading session at $22, up 37.5% from its $16 IPO price, raising $400 million. Tenon Medical shares dropped 41.9% to $0.35 on unusually high volume, despite broader market gains. Cisco ended a four-day losing streak, rising 1.88% to $119.54. Rocket Lab dipped 0.7% to $107.24 ahead of its entry into the Nasdaq-100. Wolfspeed jumped 17.91% to $57.41 and filed to register up to 24.07 million shares for resale by selling stockholders, with no proceeds to the company. Bloom Energy rose 15.4% to a record $328.91 as traders focused on AI power infrastructure, while FuelCell Energy gained 20% on optimism about data-center power contracts. SoFi climbed 2.8% after its CEO bought shares. Flex rose nearly 3% and will join the S&P 500. American Airlines gained 3.7% as oil prices fell. Take-Two advanced 4.93% after announcing Grand Theft Auto VI preorders. Nvidia rose 2.8% to a $5.1 trillion valuation. SpaceX fell 3.5% but remains well above its IPO price. AT&T slipped nearly 2% and is proceeding with a CFO succession. Marvell Technology jumped 7.27% on news of potential AI chip sales via AWS. Transocean dropped 5.9% despite securing new contracts, as oil prices declined. U.S. markets will be closed Friday for Juneteenth.