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Stock Market 22 June 2026

Coherent (NYSE:COHR) up 9% as AI optics squeeze takes focus, not grant size

Coherent (NYSE:COHR) up 9% as AI optics squeeze takes focus, not grant size

Coherent Corp. rallied 9.2% on Monday, closing at $425.38. The move brought the photonics supplier near its 52-week high as the AI trade continued to reward stocks tied to data transfer as well as compute. Trading volume reached 7.03 million shares, matching the 65-day average, so this wasn’t a light post-holiday session. Coherent’s latest rally picked up after the NYSE reopened following Friday’s Juneteenth market holiday. The bigger story is capacity for indium phosphide, or InP. It’s a compound semiconductor that makes high-speed optical chips for moving data with light in AI data centers. The NYSE lists June 19 as the 2026 Juneteenth market holiday.
22 June 2026
UiPath (NYSE:PATH) dips; buyback can’t offset ARR pressure

UiPath (NYSE:PATH) dips; buyback can’t offset ARR pressure

UiPath, Inc. slipped 1.2% to $10.15 late Monday as software stocks lost ground. The move put more pressure on automation names, despite UiPath’s stronger first-quarter results reported last month. About 46.8 million shares changed hands. UiPath steps into a key week, with its annual meeting slated for Thursday, June 25, at 11 a.m. ET. The stock is drawing attention as investors watch to see if its effort around agentic AI—software agents able to handle multi-step work with less human help—shows up as real contract growth.
Alphabet rout dents Nasdaq, oil slide gives Dow a lift

Alphabet rout dents Nasdaq, oil slide gives Dow a lift

Alphabet weighed on U.S. stocks Monday, sending indexes in different directions. The S&P 500 slipped 0.48% to 7,464.36 and the Nasdaq Composite fell 1.41% to 26,143.95. The Dow Jones Industrial Average managed a 0.12% gain to 51,628.79, according to LSEG data on Reuters. Alphabet dropped as worries over AI costs and staff exits put pressure on big tech, but financials and industrials climbed. Oil was down. The Dow held in the green. It wasn't just a straight risk-off session.
Dow Jones (.DJI) Gains as Alphabet Drags on Nasdaq

Dow Jones (.DJI) Gains as Alphabet Drags on Nasdaq

Dow Jones Industrial Average finished up on Monday, outperforming the S&P 500 and Nasdaq as traders moved into industrials and banks and took profits in Alphabet and other big tech stocks. The Dow added 145.10 points to end at 51,709.80 after the closing bell. It was the index's first full day of trading since the Juneteenth market holiday on Friday. The Dow Jones Industrial Average works unlike the Nasdaq. The Dow has 30 stocks and is price-weighted—stocks with higher prices swing it more, even if they’re smaller companies. That design let the Dow hold up better than tech this week.
Ford (NYSE:F) trades around $14 as Unifor labor talks put focus on margins

Ford (NYSE:F) trades around $14 as Unifor labor talks put focus on margins

Ford Motor Co. shares hung near the flat line Monday afternoon, trading at about $14 as the launch of Canadian labor talks ran into a generally weaker U.S. market. Shares were last at $14.07, just up 0.1%. Ford earlier hit $14.55. The SPDR S&P 500 ETF Trust, a main benchmark ETF, dipped 0.3%. Ford faces more than a typical labor schedule this week as Unifor started contract talks in Toronto on Monday. The union began negotiating with Ford, kicking off bargaining with the Detroit Three that includes General Motors and Stellantis. Unifor represents about 19,000 workers at the three automakers, according to Reuters.
22 June 2026
Lumentum Holdings (NASDAQ:LITE) rises as AI optics push lifts stock despite Nasdaq slump

Lumentum Holdings (NASDAQ:LITE) rises as AI optics push lifts stock despite Nasdaq slump

Lumentum Holdings Inc. moved higher Monday afternoon with shares rallying 6.1% to $901.89. The optical-networking company showed strength while most of the Nasdaq lagged, as AI infrastructure stocks drew buyers coming off the holiday break. NASDAQ:LITE had dipped to $829.35 earlier before rebounding. NASDAQ:LITE gets more attention after landing in the Nasdaq-100, Russell 1000, Russell 3000, and S&P 500, according to Fidelity. It's not just a photonics play now. The stock shows up in passive funds and big growth indexes, which can fuel bigger moves in price when buyers or sellers hit the name.
22 June 2026
Ondas (NASDAQ:ONDS) slips; new defense orders up against resale share pressure

Ondas (NASDAQ:ONDS) slips; new defense orders up against resale share pressure

Ondas Inc. dropped 1.9% to $9.09 Monday afternoon, hit by a resale filing after new defense orders. The stock traded as high as $9.53 earlier. Trading volume topped 44 million shares by 2:46 p.m. EDT, as the filing, tied to old acquisitions, landed the same day as the contract news and weighed on the move. Ondas logged over $40 million in June orders for autonomous defense systems. The company said second-quarter order activity so far topped $150 million, boosted by demand for its counter-UAS systems—used to detect or halt enemy drones—and loitering munitions, drones or weapons that linger before striking.
Applied Optoelectronics (NASDAQ:AAOI) rises as investors look past tech selloff to AI optics capacity clue

Applied Optoelectronics (NASDAQ:AAOI) rises as investors look past tech selloff to AI optics capacity clue

Applied Optoelectronics shares rose on Monday as investors bought back into one of the year’s most volatile AI-infrastructure names, even as the broader technology tape weakened. Applied Optoelectronics traded at $174.41, up $12.56, with volume above 10.5 million shares in afternoon dealings. That matters now because the move came on a day when the Nasdaq Composite was down more than 1%, pressured by weakness in megacap technology stocks. Investors are still questioning the cost of hyperscaler infrastructure spending — hyperscalers are the very large cloud companies building AI data centers — but the market is drawing a sharper line between cloud platforms and the component makers that sell into the buildout.
Palantir Technologies (NASDAQ:PLTR) drops to 52-week low as AI premium weakens

Palantir Technologies (NASDAQ:PLTR) drops to 52-week low as AI premium weakens

Palantir Technologies Inc. slumped to a 52-week low Monday, deepening losses for the AI software stock as investors pulled back from high-priced growth names. NASDAQ:PLTR had been trading as a top public-market pick for enterprise AI, but the stock got tested on Monday as the Nasdaq slipped 1.05% by 2:15 p.m. ET. Software names hit their lowest in more than two months, according to Reuters.
SoFi Technologies Stock (NASDAQ:SOFI) Falls as Insider Buying Meets a Funding-Cost Test

SoFi Technologies Stock (NASDAQ:SOFI) Falls as Insider Buying Meets a Funding-Cost Test

Shares of SoFi Technologies fell in Monday afternoon trading, giving back early June momentum as investors tested whether repeated insider buying can still steady a stock that has been weak for much of the year. The shares were recently around $17.26, down 65 cents, with intraday volume above 49 million shares. The move matters now because the price is sitting almost on top of a quiet reference point: Noto’s 2026 open-market buying average. Benzinga reported on Monday that Noto has bought 130,211 shares this year at a blended average of about $17.29, including 13,888 shares in June at $18.06, and now holds roughly 11.96 million shares directly.
22 June 2026
Rocket Lab (NASDAQ:RKLB) falls on Nasdaq-100 inclusion, SpaceX slide and share sale concerns

Rocket Lab (NASDAQ:RKLB) falls on Nasdaq-100 inclusion, SpaceX slide and share sale concerns

Rocket Lab Corporation fell on Monday as the stock debuted in the Nasdaq-100. The move put RKLB at the center of a trade built on forced index buying, with the price pulled by the broad reset that's hit space companies since SpaceX changed the sector's tone. Rocket Lab shares traded at $99.49, down roughly 7.2%. The stock hit an intraday high at $107.37 and dropped to $96.56. More than 18.8 million shares changed hands by early afternoon in New York.
Student loan autopay discount cut lands just ahead of July repayment reset

Student loan autopay discount cut lands just ahead of July repayment reset

U.S. Education Department is giving federal student-loan borrowers a shot at lower rates if they set up automatic payments, rolling out a two-year, 1-point interest rate cut as part of a broader repayment revamp starting July 1. The offer covers Direct Loans issued after July 1, 2012. Borrowers either already on auto pay or who sign up by Sept. 30 are eligible, the department said. Loan timing is key. Federal loans first disbursed between July 1, 2026, and June 30, 2027, will use a 4.468% 10-year Treasury yield to set rates. Undergraduate Direct Loans will carry a 6.52% fixed rate, graduate Direct Loans 8.07%, and PLUS loans 9.07%. Those rates stay fixed for the life of the loan.
22 June 2026
Bloom Energy (NYSE:BE) gains as AI data demand pushes grid limits

Bloom Energy (NYSE:BE) gains as AI data demand pushes grid limits

New York, June 22, 2026, 2:04 PM EDT Bloom Energy kept rising Monday, with shares staying close to new highs after last week’s 15% surge tied to investor demand for AI data-center power. The stock’s jump is shifting Bloom from a niche clean-power play to a test of whether Wall Street is ready to give utility-style valuations to companies delivering quick, on-site power.
ITG aims for $2.7 billion valuation in Nasdaq IPO as Oaktree-backed infrastructure group looks to go public

ITG aims for $2.7 billion valuation in Nasdaq IPO as Oaktree-backed infrastructure group looks to go public

ITG, backed by Oaktree, is looking to bring in up to $429.3 million through a Nasdaq IPO, according to its filing Monday. The contractor builds and maintains broadband and data infrastructure. The company is looking to sell 19,512,196 Class A shares at $19 to $22 each, aiming for a Nasdaq Global Select Market listing under “ITG.” That would value the company at about $2.67 billion at the top end of the range.
22 June 2026
AbbVie grabs Apogee in $10.9 billion deal as buyouts speed up

AbbVie grabs Apogee in $10.9 billion deal as buyouts speed up

AbbVie said Monday it will buy Apogee Therapeutics for $10.9 billion in cash, picking up a late-stage eczema drug in what would be its biggest deal in over five years. The $135.11 per share offer is about 49% over Apogee’s June 18 close. Both companies’ boards signed off, aiming to wrap up the deal in the third quarter. AbbVie is buying Apogee as it’s still working to replace Humira sales lost to biosimilar rivals and getting ready for the patent cliffs looming on Skyrizi and Rinvoq. Immunology brought in more than $30 billion for AbbVie in 2025, but Humira sales dropped 49%. CEO Robert Michael called the deal an “excellent fit.” J.P. Morgan analyst Chris Schott cited appetite for late-stage growth assets. RBC’s Brian Abrahams said AbbVie is “an ideal acquirer.”
Russell Reconstitution 2026: NASDAQ:CRWV, NYSE:BE Lead the Great Index Migration

Russell Reconstitution 2026: NASDAQ:CRWV, NYSE:BE Lead the Great Index Migration

U.S. index funds are preparing for a concentrated wave of orders at Friday’s close as CoreWeave enters the Russell 1000 from outside the Russell universe and Bloom Energy moves up from the Russell 2000. The reset includes 62 additions to the large-cap Russell 1000, including 43 promotions from the Russell 2000, and 237 additions to the small-cap index, including 37 moving down from the Russell 1000. This matters because roughly $12.2 trillion was benchmarked to Russell U.S. indexes as of June 2025. A reconstitution—a rules-based reset of index members and weights—forces passive funds, which are built to copy an index, to realign their holdings. “The markets have been moving more quickly, market caps are getting bigger,” Catherine Yoshimoto, FTSE Russell’s director of U.S. index product management, said.
Dip buying in Schwab’s SCHD gets attention while dividend ETF flows diverge

Dip buying in Schwab’s SCHD gets attention while dividend ETF flows diverge

Money rushed into the Schwab U.S. Dividend Equity ETF during a pullback, putting one of the biggest dividend funds back in focus for income trades, but flow trackers are split on how big the move was. TipRanks said SCHD dropped 2.36% last week and pulled in $5.46 billion over five days. ETFDB reported net flows of $480.9 million in five days and $2.3 billion for the month. Dividend plays face pressure on both ends right now: yields on cash and Treasuries remain attractive, and big tech and AI-driven names are still drawing buyers to growth. The Fed held rates at 3.50%-3.75% last week. The 10-year Treasury hovered near 4.5% on Monday, so equity income still has a tough bar to clear.
CoreWeave and Nebius face Nasdaq-100 test as AI rally cools

CoreWeave and Nebius face Nasdaq-100 test as AI rally cools

Nebius Group and CoreWeave made their Nasdaq-100 debut Monday. CoreWeave was down $10.05, trading at $107.90 just before 1 p.m. EDT. Nebius also traded lower, dropping to $280.41 after closing at $286.69. Early trading didn’t deliver much excitement for either new listing as buyers seemed cautious after the recent run for AI-cloud names. Nasdaq says over 200 products worldwide track the Nasdaq-100, holding more than $800 billion. The changes force ETFs and passive funds tied to the index to shift holdings to stay in line, not make new picks.
IBM’s $15 Billion Move Catches Wall Street’s Eye Ahead of the Open

IBM slide puts AI growth bets in focus as Accenture outlook hits techs

IBM shares slid Monday, down 1.8% at $244.57, hit as Accenture’s softer guidance weighed on IT services stocks. Accenture dropped 5.2% to $121.34 in early afternoon New York trading. Worries over AI’s impact on consulting work drove debate on whether it can boost profits or makes some projects less profitable for IBM and rivals. This matters now as investors have stopped lumping every AI-related enterprise software name together. There’s a sharper divide showing up: self-scaling software versus consulting-heavy models that hinge on manpower and projects.
SMH ETF flows point to AI chip trade moving away from Nvidia

SMH ETF flows point to AI chip trade moving away from Nvidia

The VanEck Semiconductor ETF saw nearly $7 billion pour in on Monday, the biggest sign yet of investors looking beyond just Nvidia and into a basket of chip suppliers. That flow is making its mark. Semiconductor stocks climbed on the day, while the big tech names dragged the Nasdaq lower. The timing is key. LSEG Lipper data said U.S. equity funds picked up $38.37 billion for the week ended June 17, the biggest since November 2024. Technology sector funds got a record $21.46 billion in the same period. SMH’s one-day creation made up about a third of those tech inflows, showing just how much the AI trade is passing through a handful of ETFs.
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