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Stock Market 27 June 2026

Verizon (NYSE:VZ) spectrum outlay grabs focus after Dow drop

Verizon (NYSE:VZ) spectrum outlay grabs focus after Dow drop

Verizon Communications Inc. wrapped up a busy week with its cash spending taking the spotlight. Shares rose as the company put down $3.16 billion for new mid-band spectrum, a figure close to what it pays out in dividends for a quarter. The move came after Verizon was dropped from the Dow. Stock finished Friday at $46.54, rising 1.02% for the day and gaining 2.6% in five sessions. Trading volume hit 38.13 million shares, about 156% of its 65-day average, as investors weighed both the Dow removal and the FCC auction outcome.
27 June 2026
Energy Transfer (NYSE:ET) gains for week with gas backlog in focus as volume dries up

Energy Transfer (NYSE:ET) gains for week with gas backlog in focus as volume dries up

Energy Transfer LP was flat on Friday. The pipeline stock edged down 0.05% to $19.17, matching the S&P 500’s small decline but trailing the energy sector, which gained 0.18%. Trading volume was only 5.30 million units, far below its 65-day average of 13.62 million. Shares traded 7.39% under their $20.70 high from May. ET added 2.24% for the week based on the June 18 close, the session right before the Juneteenth pause. Over its five trading days, ET saw about 36.6 million units change hands — well under the roughly 68.1 million it would have logged if volume had kept pace with the 65-day average. Shares rose for the week, but volume stayed light.
IRS tax preparer fraud case draws investor attention to 75 million paid returns

IRS tax preparer fraud case draws investor attention to 75 million paid returns

Supreme Court rejects Stephanie Murrin tax case; 75 million paid-preparer e-filed returns in focus The Supreme Court isn’t taking up Stephanie Murrin’s tax dispute, which means investors have a number to keep in mind: 75 million e-filed returns prepared for a fee. The main concern is not widespread fraud, but that fraud by just one tax preparer can leave an IRS assessment open years after the normal three-year audit window closes. Supreme Court rejects Murrin v. Commissioner review, keeps Third Circuit decision The Supreme Court on June 22 declined to take up Murrin v. Commissioner, so the Third Circuit ruling stands. Murrin’s petition had asked if the IRS can bypass the three-year assessment window just because a third party committed fraud—even if the taxpayer neither knew about nor intended the fraud.
US equities this week: AI chip slide grabs focus as rest of market holds up

US equities this week: AI chip slide grabs focus as rest of market holds up

U.S. stock markets stayed closed Saturday, so investors looked back on a mixed week. The S&P 500 ended down, but Friday’s internals pointed higher. Advancers led decliners in the S&P 500 by 1.8-1, with 35 stocks notching new highs and only five setting new lows. On the Nasdaq, 263 stocks hit highs while 169 hit lows. Overall U.S. trading volume ran to 30.1 billion shares, topping the 20-day average of 23.1 billion. Chip stocks pulled the market down, but it was the heavyweights, not the numbers, that mattered. The PHLX semiconductor index dropped 5.3% Friday and slid 7.9% for the week, the steepest weekly loss since early April. The S&P 500 slipped 0.05%, finishing at 7,353.95. The Nasdaq closed 0.24% lower at 25,297.62. The Dow lost 0.09% and ended at 51,876.11. “It’s too early to conclude that there’s a major correction brewing in tech,” said David Stubbs, chief investment strategist at AlphaCore Wealth Advisory. He noted that questions about AI profit and capital spending “are certainly not going away.”
Cisco (NASDAQ:CSCO) drops on volume, hurts Dow

Cisco (NASDAQ:CSCO) drops on volume, hurts Dow

Cisco Systems, Inc. sold off hard on Friday, dragging on the Dow Jones Industrial Average. The decline stood out from the indexes, which were less clear. The slump in Cisco shares was sharp and focused. The stock dropped $5.20, or 4.37%, to $113.77. Volume was 51.64 million shares, more than twice the 65-day average of 23.89 million. Shares touched $112.86 at the low. The close leaves the stock 12.7% off its 52-week high of $130.37.
Take-Two (NASDAQ:TTWO) holds steady with GTA 6 preorders kicking off

Take-Two (NASDAQ:TTWO) holds steady with GTA 6 preorders kicking off

U.S. stock markets didn’t open Saturday, so Take-Two Interactive Software, Inc. had the weekend to digest a key week ahead of its Nov. 19 “Grand Theft Auto VI” launch. Pricing news landed, preorders started, but shares finished the week nearly unchanged. Take-Two ended Friday at $238.53, slipping 0.08%. Shares started at $240.84 and moved between $241.10 and $233.40, with 6.49 million changing hands, according to company data.
27 June 2026
3M (NYSE:MMM) gets little to show for busy Friday with small weekly gain before holiday

3M (NYSE:MMM) gets little to show for busy Friday with small weekly gain before holiday

3M Company finished the week with a slight gain, though Friday’s numbers didn’t look as strong as the weekly move. Shares dropped 2.36% to $164.01 after opening at $167.16 and topping out at $167.80. MarketWatch reported volume at 6.33 million shares, running 168% of the 65-day average. In after-hours trading, 3M bounced 1.12% to $165.85 on 1.01 million shares. Dow math is what index investors watch. In the Dow Jones Industrial Average, every $1 move in a stock works out to roughly 6.16 index points. 3M fell $3.96 on Friday—knocking about 24 points off the Dow, which lost 44.51 points total for the day. So 3M made up just over half the Dow’s drop.
27 June 2026
Texas Instruments rout leaves Russell rebalance traders with Monday headache

Texas Instruments rout leaves Russell rebalance traders with Monday headache

Texas Instruments logged a sharp drop to end the week, caught in what traders called the “wrong” side of the Russell reconstitution trade. Shares slid 8.46% to $285.43 on Friday, after starting the week at $332.28 and hitting $334.03 on Monday. Volume spiked to 29.8 million shares, up from about 9.3 million shares a day through Thursday. The stock dropped harder than the chip index. The iShares Semiconductor ETF was down around 5.7% on Friday. The SPDR S&P 500 ETF Trust slipped roughly 0.5%, market data showed.
27 June 2026
Uber (NYSE:UBER) grabs $4.9 billion run as safety, robotaxis in focus

Uber (NYSE:UBER) grabs $4.9 billion run as safety, robotaxis in focus

Uber Technologies got a big lift to close out a rough week for tech. The stock jumped 5.47% to $76.20 on Friday, even as the Nasdaq Composite slipped 0.24%. Trading volume was 64.58 million shares, way above its 65-day average of 18.67 million. About $4.9 billion worth of UBER shares changed hands at the close. Uber rose 6.4% from its June 18 close, right before the Juneteenth break. The Nasdaq ended down 4.6% this week, while the S&P 500 lost 2.0%. Even with the gain, Uber finished Friday 25.3% under its 52-week high at $101.99.
Honeywell (NASDAQ:HON) heads into split week with $464 level on traders’ radar

Honeywell (NASDAQ:HON) heads into split week with $464 level on traders’ radar

Honeywell International Inc. is going into the new week with a stock chart that is about to split into two lines, so Friday’s closing price won’t be as relevant as the combined package price that shareholders will get on Monday. Honeywell finished Friday at $232.21, 97 cents higher for a gain of 0.42%. The S&P 500 edged down 0.05% and the Dow dipped 0.09%. On the week, the S&P 500 dropped 2% with the Dow up 0.6%. That left Honeywell’s corporate action standing out for event desks.
Generate Biomedicines stock ends week back above IPO price as volume jumps

Generate Biomedicines stock ends week back above IPO price as volume jumps

Generate Biomedicines, Inc. ended a short U.S. trading week back over its IPO price, a sharper test for investors than the 0.3% Friday close suggests. The shares closed at $16.47, touched a 52-week high of $17.42 this week and traded 4.10 million shares Friday against average volume of 934,290. From the June 18 close of $14.49, the last close before the Juneteenth market holiday, through Friday’s close, GENB rose 13.7%. It closed above $16 on Wednesday, Thursday and Friday, after closing at $15.89 on Monday and $15.43 on Tuesday.
Snowflake (NYSE:SNOW) finishes up for the week after Russell rebalance trading

Snowflake (NYSE:SNOW) finishes up for the week after Russell rebalance trading

Snowflake Inc shares closed at $248.96 on Friday, up 9.65%. The move followed a drop earlier in the week, with the stock sliding from $232.29 on June 18 to $227.06 by Thursday. Trading volume hit 25.61 million, well above the roughly 5.1 million average from the previous four sessions, Investing.com data showed. Friday capped the week with Snowflake up 7.2% from its June 18 close. The Invesco QQQ Trust slid 4.6% for the week, the iShares Expanded Tech-Software Sector ETF dropped 1.0%, and the SPDR S&P 500 ETF Trust lost 2.4%.
27 June 2026
GameStop (NYSE:GME) holds close to cash levels after company guides for $600 million in EBITDA

GameStop (NYSE:GME) holds close to cash levels after company guides for $600 million in EBITDA

GameStop Corp. ended the week facing a new market test. Shares now trade less like a typical meme stock and more like a leveraged play on its cash pile, a raised profit outlook and Ryan Cohen’s attempt to buy eBay Inc.. GameStop shares ended Friday at $21.76, gaining 75 cents, or 3.57%. The stock climbed again in late trading, up 1.96% to $22.187 after the company said it’s targeting adjusted EBITDA above $600 million for the fiscal year ending Jan. 30, 2027. That’s up from $345.4 million for fiscal 2025.
ImmunityBio (NASDAQ:IBRX) trades after post-Russell spike with 46% more volume

ImmunityBio (NASDAQ:IBRX) trades after post-Russell spike with 46% more volume

ImmunityBio, Inc. goes into the week with a cleaner tape test despite what the price action shows. Shares were up 11.8% Friday, closing at $8.71. Trading volume topped 41.2 million shares, triple Google Finance’s average of 13.39 million. Market cap was close to $9.1 billion. Volume concentration was heavy, with Friday making up roughly 46% of ImmunityBio’s total five-day volume on the tape. The stock is up about 18% since closing at $7.36 on June 18.
27 June 2026
Lucid (NASDAQ:LCID) jumps, adding about $312 million after $158 million cost plan

Lucid (NASDAQ:LCID) jumps, adding about $312 million after $158 million cost plan

Lucid Group, Inc. ended the holiday-shortened week with a price swing bigger than its announced cost savings plan. The EV maker finished Friday at $5.92, a jump of $0.80, or 15.63%. On Monday, shares had dropped 3.73% after another restructuring announcement. Measured from the June 18 close, right before the Juneteenth break, the stock is up 10.4% through Friday. Daily closes tracked the move: $5.16 Monday, $5.19 Tuesday, $5.15 Wednesday, $5.12 Thursday, finally $5.92 Friday.
Court ruling on student loans hits private lenders’ health grad loan push

Court ruling on student loans hits private lenders’ health grad loan push

WASHINGTON, June 27 - A judge’s decision on graduate student loans could keep some expensive health-care school debt in the federal system. That’s a blow to private lenders who were expecting the end of Grad PLUS loans next week would drive more borrowers to bank loans. U.S. District Judge Beryl Howell in Washington late Wednesday stopped the Education Department from applying a stricter “professional degree” standard that would have dropped nursing, physician assistant, therapy, public health and teacher trainees into lower federal loan limits. The order leaves the new July 1 borrowing caps in place. Grad students stay at $20,500 per year and $100,000 in total, while those in professional degrees can still borrow up to $50,000 annually and $200,000 overall.
27 June 2026
Moderna (NASDAQ:MRNA) price targets draw attention as shares rally into short holiday week

Moderna (NASDAQ:MRNA) price targets draw attention as shares rally into short holiday week

Moderna, Inc. jumped 12.59% Friday to close at $67.27, snapping a stretch this week where traders mostly ignored pipeline optionality. The stock started the week at $63.96 and finished up $3.31 for the week. Most of that came Friday, when the shares rose $7.52. Volume made a difference for investors, as the jump wasn’t only about biotech stocks moving up. Friday saw 14.46 million shares trade, more than twice Thursday’s 6.80 million. The stock traded between $59.23 and $69.285, closing close to the high.
Eli Lilly (NYSE:LLY) gains $76 billion in one day as Jaypirca headlines land

Eli Lilly (NYSE:LLY) gains $76 billion in one day as Jaypirca headlines land

Eli Lilly and Company closed at $1,208.12 on Friday, up $80.43. Markets in U.S. cash equities were closed Saturday, leaving Friday as the last pricing. About 7.73 million shares traded, coming in at roughly 2.5 times the average volume listed on Google Finance. Lilly’s blood-cancer drug didn’t just get a $76 billion re-rating overnight. What buyers paid for is the bigger Lilly trade—European oncology news, Medicare obesity coverage just ahead, and a health-care move while tech stumbled.
SpaceX (NASDAQ:SPCX) index float faces $8 billion market test as IPO drops

SpaceX (NASDAQ:SPCX) index float faces $8 billion market test as IPO drops

U.S. stocks are closed for the weekend, and Space Exploration Technologies Corp is set to face buyers who don’t have many other options. SpaceX is set to join the Nasdaq-100, Nasdaq Inc said, with the change taking effect before trading starts on July 7. The company's addition comes less than a month after SpaceX—described by Nasdaq as a rocket-and-AI company—began trading on June 12. The index has more than 200 tracking products holding over $800 billion, according to Nasdaq.
27 June 2026
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Stock Market Today

  • Oil Oversupply Worries May Shift Inflation, Interest Rates
    July 7, 2026, 7:42 AM EDT. Oil prices are moving markets as traders watch for signs of oversupply. Lower oil could cut inflation forecasts, which feeds into interest rates. That, in turn, tends to move the stock market. Some investors expect a glut to drag on prices and push down inflation, setting up shifts in rates and stock values. The market's focus stays on how energy costs run through to inflation and risk assets.
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