Today: 16 June 2026
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz
16 June 2026
52 mins read

US Stock Market Today: Live Updates 16.06.2026


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Rolls-Royce Share Price Surges Amid Small Modular Reactor Growth Potential

June 16, 2026, 5:17 AM EDT.Rolls-Royce shares have jumped 13% in the past month, lifting the market cap to £112 billion, yet the price-to-earnings (P/E) ratio has eased to 44 from a peak of 65, reflecting cautious optimism. The FTSE 100 engineering giant, up 1,116% over five years, is capitalizing on growth in civil aerospace, defence, and power systems. CEO Tufan Erginbilgic is steering the company towards new opportunities in small modular reactors (SMRs) – compact nuclear reactors designed for energy-intensive uses like factories and data centres. Contracts in the UK, Czech Republic, Japan, and Sweden highlight SMR promise despite inherent challenges. Although risks remain from technical and geopolitical factors, Rolls-Royce’s SMR ambitions could significantly boost its valuation, potentially doubling its current market cap to over £200 billion, making it a key UK stock to watch.

Forget SpaceX for a moment and take a look at the Rolls-Royce share price

Stock Market Today: Dow Set to Rise, Nasdaq to Ease After Rally; STMicroelectronics Sinks on $1.5B Convertible Note

June 16, 2026, 5:16 AM EDT.Dow Jones Industrial Average poised for gains while the Nasdaq Composite may pull back following the S&P 500’s best three-day run in 13 months. European tech firm STMicroelectronics tumbled as it announced a $1.5 billion convertible note offering and early retirement of $750 million convertible notes. Convertible notes are bonds that can be converted into a set number of company shares, often viewed as a mixed debt-equity financing. The Stoxx Europe 600’s second-worst performer reflects investor caution despite AI sector interest, highlighting market sensitivity to capital raising actions.

Stock Market Today: Dow set to rise, Nasdaq to ease after best three-day stretch for S&P 500 in 13 months

Stocks Rally as US-Iran Peace Deal Drives Market Optimism

June 16, 2026, 5:15 AM EDT. Stocks surged Monday on news of a US-Iran peace deal, with the S&P 500 up 1.65%, Nasdaq 100 up 3.06%, and the Dow Jones hitting a record high. The agreement to end hostilities and reopen the Strait of Hormuz lifted risk appetite, pushing crude prices down over 4% to a 3-month low and sending global bond yields lower. The 10-year US Treasury yield dropped to 4.42%, reflecting eased inflation concerns. Technology and airline stocks led gains, benefiting from lower fuel costs, while energy stocks fell amid the crude slump. Despite weaker US manufacturing and housing data, markets remain upbeat as the peace deal triggers hopes for stability and renewed nuclear talks. Asian and European markets followed suit, with Japan’s Nikkei and Euro Stoxx 50 hitting new highs.

Stocks Settle Sharply Higher as US-Iran Peace Deal Spurs Optimism

Micron Technology Stock Forecast to Surge 52% by Late 2027 Amid Memory Chip Shortage

June 16, 2026, 5:14 AM EDT.Micron Technology (MU) shares have jumped 240% year-to-date, driven by its role as a major supplier of memory chips critical for artificial intelligence (AI). The stock is predicted to reach $1,500 per share by late fiscal 2027, implying a 52% increase from the current $990. Micron’s recent gains stem from a memory chip supply shortage that has caused NAND and DRAM chip prices to rise sharply. However, analysts warn that this pricing power may fade as competitors like Samsung and SK Hynix expand capacity, risking market oversaturation by 2028. The memory chip sector is cyclical, with price swings linked to supply-demand imbalances. Long-term contracts, like Micron’s new five-year deal with hyperscalers, may partially stabilize future revenue streams amid industry volatility.

Prediction: This Will Be Micron's Stock Price by Late 2027 (Hint: It Implies Big Gains)

SpaceX Soars on Nasdaq Debut, ETFs Eye Inclusion Amid Valuation Concerns

June 16, 2026, 5:13 AM EDT.SpaceX’s shares surged 19.6% to $192.50 after debuting on Nasdaq, valuing the company at nearly $2.52 trillion. The IPO raised $85.7 billion following full exercise of the greenshoe option, reflecting robust demand and limited share float. Inclusion into the Nasdaq 100 and key index providers like FTSE Russell and MSCI is expected later this month, potentially triggering $2.68 billion in passive fund inflows. Despite strong investor appetite fueled by growth prospects of its Starlink broadband and space ventures, analysts warn the stock trades at a significant premium amid ongoing losses. Morningstar flags potential downwards pressure from future share sales by insiders. Upcoming milestones include SpaceX’s first public earnings and debut options trading, with scrutiny on revenue, cash flow, and margins.

SpaceX rally holds, index money moves in but valuation talk grows

Regentis Biomaterials Shares Drop Premarket After 506% Surge on Scrapped Offering

June 16, 2026, 5:12 AM EDT. Regentis Biomaterials’ stock tumbled 27.66% in premarket trading following a historic 506.45% gain Monday after the company withdrew a Form F-1 registration for a planned public share offering, avoiding immediate dilution for current shareholders. The scrapped offering had proposed selling over 3.3 million shares at $3 each, which would have significantly increased share count. Market watchers now focus on the third-quarter launch of European surgeon training for GelrinC, Regentis’ CE Mark-approved knee implant, seen as a critical step toward commercialization. Meanwhile, U.S. clinical trials for GelrinC are over halfway enrolled, with progress impacting the biotech’s transition from development to commercial medtech company.

Regentis Biomaterials Stock Falls Premarket After 506% Surge on Scrapped Share Offering

Klarna Partners with Ulta Beauty, Shares Rise Amid Valuation Concerns

June 16, 2026, 5:08 AM EDT.Klarna Group (NYSE:KLAR) has struck a deal with Ulta Beauty to offer flexible payment options, expanding Klarna’s footprint in U.S. beauty e-commerce. The pact allows Ulta.com and app users to access Klarna’s installment and pay-later services, potentially boosting transaction volumes and user engagement. Klarna shares rose 6.3% over the past week and 16% month-to-date, trading at $17.60, yet remain down 38.4% year to date. Despite recent momentum, shares trade about 24% below analyst target price but 83.8% above estimated fair value, highlighting valuation risks. Investors will closely monitor integration depth and future financial results to gauge the partnership’s impact on growth and profitability.

Klarna Ulta Beauty Deal Tests Growth Hopes Against Valuation Concerns

Genus PLC Investor Disclosure: JNE Partners LLP Crosses 5% Voting Rights Threshold

June 16, 2026, 5:06 AM EDT. Genus PLC has been notified that JNE Partners LLP, controlled by Jonathan Esfandi, has crossed the 5% voting rights threshold as of June 11, 2026. The total voting rights held now stand at 5.002%, up from 4.893%. The notification, part of regulatory requirements under the TR-1 form, ensures transparency of major holdings in the company. The increase reflects direct voting rights in shares totaling 33,283,330. JNE Partners LLP’s holding does not involve financial instruments such as options or swaps. The notification was officially received by Genus PLC on June 15, 2026. This disclosure is crucial for investors monitoring significant shifts in ownership stakes that may influence company control or strategy.

REG – Genus PLC

SpaceX Shares Poised for Over 50% Gain in Three Sessions

June 16, 2026, 5:05 AM EDT. SpaceX shares surged in premarket trading, signaling a potential 50% rally within just three sessions. The stock is extending momentum after its blockbuster debut last week, highlighting continued investor enthusiasm for the space exploration company. This jump underscores strong market demand and positive sentiment surrounding SpaceX’s growth prospects.

SpaceX Stock Set for More Than 50% Jump in Just Three Sessions

SpaceX Shares Surge 11% Premarket Amid Growth Momentum

June 16, 2026, 5:04 AM EDT. SpaceX shares surged 11% in premarket trading following a 20% rise on its debut day. CEO Elon Musk projected potential revenue of $1 trillion by 2030, a significant jump from $18.7 billion in 2025. Despite posting a $4.9 billion net loss in 2025 and a $4.28 billion loss in Q1 2026, SpaceX remains a leader in satellite services with Starlink and reusable rocket technology. The company recently merged with Musk’s AI startup xAI, enhancing its tech portfolio. Investors are closely watching the aerospace and AI giant’s rapid growth and market potential.

SpaceX gains 11% in premarket trading as momentum builds

National Stock Exchange to File IPO Draft Papers by Friday, Signaling Major Market Move

June 16, 2026, 5:03 AM EDT. The National Stock Exchange (NSE) is set to file its Initial Public Offering (IPO) draft papers with the Securities and Exchange Board of India (Sebi) by Friday, a senior investment banker told ETMarkets. This move ends years of delay caused by regulatory and legal issues. NSE currently trades in the unlisted segment with a valuation near Rs 5 lakh crore. The IPO, structured as an offer for sale, aims to raise over Rs 20,000 crore by selling 4-4.5% of equity, providing liquidity for existing shareholders. Market experts note NSE’s premium valuations but caution on risks linked to volatile derivatives trading. The listing is expected to rejuvenate India’s primary market and become a landmark capital event.

NSE listing moves closer, likely to file IPO DRHP by Friday: Source

AI-Picked Chip Stock Surges Over 40% on Continued Positive News

June 16, 2026, 5:02 AM EDT. An AI-selected semiconductor stock has surged more than 40%, continuing its strong performance driven by ongoing positive developments. The chip sector, critical for electronic devices and AI applications, remains tightly watched by investors amid rising demand. This stock’s gains highlight growing investor confidence in AI-driven market picks and the technology hardware space’s resilience.

We told you first: the good news keeps coming on this AI-picked chip stock up +40%

StubHub Shares Rise 23% After Einhorn Stakes $26M, Eyes World Cup Demand

June 16, 2026, 5:01 AM EDT. StubHub Holdings shares surged 23% over five days, closing at $11.50, boosted by David Einhorn’s DME Capital taking a $26.4 million stake. Einhorn’s investment, disclosed in a March 31 SEC filing, signals confidence in StubHub’s turnaround. Guggenheim maintained its Buy rating with a $12.50 price target, highlighting the 2026 FIFA World Cup as a key driver of short-term ticket demand. StubHub reported a 7% rise in gross merchandise sales to $2.2 billion and a net income swing to $48 million from a loss the prior year, reflecting operational improvements. The company projects full-year gross merchandise sales of up to $10.1 billion and adjusted EBITDA between $400 million and $420 million. Investors watch for StubHub’s ability to leverage active sports calendars and improved cash flow amid its post-IPO challenges.

StubHub rises after Einhorn stake, eyes World Cup boost

Mortgage Rates Drop to One-Month Low Amid Iran Deal and Fed Outlook

June 16, 2026, 5:00 AM EDT. U.S. 30-year fixed mortgage rates fell to 6.56%, the lowest in a month, on June 16, 2026, following a tentative U.S.-Iran deal that eased oil prices and inflation fears. Lower crude prices sparked a broad market rally, with Dow, S&P 500, and Nasdaq all gaining. The Federal Reserve’s upcoming rate decision remains pivotal; markets expect rates held at 3.50%-3.75% but price in a 42% chance of a hike by year-end. Housing experts see limited room for mortgage rates to fall significantly unless economic data weakens. Meanwhile, UK fixed mortgage rates may see increased competition as Brent crude fell nearly 5%, though brokers advise cautious optimism ahead of the Bank of England’s rate decision.

Mortgage Rates Hit One-Month Low as Iran Deal Shifts Fed and UK Rate Outlook

SoFi Shares Climb 3.3% Rallying with Nasdaq Ahead of Fed Meeting

June 16, 2026, 4:59 AM EDT. SoFi Technologies rose 3.3% to $17.13 on June 15, outpacing session lows amid a broader Wall Street rally driven by easing inflation concerns and lower oil prices. The Nasdaq climbed 3.07% as investors await the Federal Reserve’s June 16-17 meeting, which is expected to influence interest rates impacting lenders like SoFi. Despite solid Q1 results, including a 41% revenue gain to $1.1 billion and 62% growth in adjusted EBITDA, SoFi shares remain under pressure following a 12% drop after its static 2026 guidance. Analyst ratings are mixed, reflecting uncertainty about valuation at 39 times earnings, though membership growth and loan volume increase underpin optimism ahead of Q2 earnings expected in late July.

SoFi Stock Rises Alongside Nasdaq Ahead of Fed Decision

Rathbones Group Shares Drop Over 16% After FCA Regulatory Review Spurs £60 Million Remedial Costs

June 16, 2026, 4:58 AM EDT. Shares of Rathbones Group fell more than 16% in London after the UK Financial Conduct Authority (FCA) mandated a review uncovering compliance issues. The wealth manager disclosed a £60 million remedial program over two years to address shortcomings in consumer duty implementation and oversight controls. Rathbones will pause onboarding enhanced due diligence clients for up to 12 months and limit inflows from some existing clients, affecting 4% of its customer base. Additionally, from July 1, the company will stop charging investment management fees on cash balances in discretionary portfolios, impacting 2026 profits by £9 million. CEO Jonathan Sorrell reaffirmed commitment to their strategy despite the regulatory challenges.

Rathbones Group Shares Slide After UK FCA Review Triggers GBP60 Million Remedial Program

Grab Shares Rise 4.85% on Nasdaq Amid Superbank Subsidiary Plans

June 16, 2026, 4:57 AM EDT. Grab Holdings Limited shares climbed 4.85% to $3.46 on Monday, outperforming the Nasdaq Composite, which rose 3.07%. The rise came amid a broader risk-on rally on Wall Street, supported by easing U.S.-Iran tensions and falling oil prices, which lowered inflation concerns. Investors are focusing on Grab’s Superbank move, set to become a subsidiary after Grab increased its stake above 50%. Superbank, an Indonesian digital bank with over 6 million customers, recently reported strong asset and income growth. Grab will provide updated group guidance on its August Q2 earnings call, a key event for investors assessing the impact of Superbank on revenue and credit risk. Despite the rally and positive analyst ratings, Grab remains near its 52-week low, reflecting ongoing concerns about cash burn and growth targets.

Grab shares jump as GRAB investors focus on Superbank move after Nasdaq climb

US Stock Futures Rise as Lower Yields and Easing Geopolitical Tensions Boost Markets

June 16, 2026, 4:46 AM EDT.US stock futures advanced with E-mini S&P 500 up 2.1% and Nasdaq-100 futures rising 3.2%, driven by lower 10-year Treasury yields near 4.43%-4.50% and hopeful signs of a US-Iran peace deal easing geopolitical risks. Lower yields reduce borrowing costs, benefiting rate-sensitive sectors like technology and real estate. Oil prices dipped, further aiding cost containment. Key upcoming events include Kroger and Accenture earnings and the Federal Reserve meeting Wednesday, with inflation and consumer sentiment closely watched. Market focus remains on whether growth stocks can maintain momentum amid lingering inflation concerns and shifting sector preferences.

US Stock Market Today: S&P 500 Futures Climb On Lower Yields And Easing Geopolitics

Stock Market Today: Dow Futures Waver, Oil Prices Decline

June 16, 2026, 4:45 AM EDT. Dow futures fluctuated in early trading, reflecting investor caution. Oil prices dropped amid concerns over demand and inventory levels. The S&P 500 and Nasdaq showed mixed signals as traders weighed economic data and corporate earnings. Market participants remain watchful of inflation trends and global economic developments impacting equities and commodities.

Stock Market Today: Dow Futures Waver, Oil Falls

Stock Index Futures Flat After Dow Hits Record on U.S.-Iran Peace Deal

June 16, 2026, 4:44 AM EDT. Stock index futures were muted on Tuesday following the Dow Jones Industrial Average’s record close, sparked by optimism over the new peace deal between the U.S. and Iran. Dow futures (INDU) edged up only 0.19%, showing cautious market sentiment despite recent gains. The S&P 500 and other benchmarks saw limited movement as traders awaited clearer signals on the broader impact of the accord. Investors remain watchful for developments that could influence economic and geopolitical conditions.

Stock index futures muted day after Dow touches record high on U.S.-Iran deal optimism

S&P 500 Futures Rally as US 10-Year Yields Ease and Fed Optimism Grows

June 16, 2026, 4:43 AM EDT. US stock futures surged Tuesday with E-mini S&P 500 up 2.1% and Nasdaq-100 futures rising 3.2% following a sharp drop in US 10-year Treasury yields to 4.43%, the lowest in a month. Lower yields ease borrowing costs, benefiting mortgages and corporate credit. Michigan consumer sentiment rose to 48.9, while 1-year inflation expectations eased to 4.6%, focusing investor attention on Federal Reserve rate decisions. Technology and small caps led gains amid renewed optimism. Key losers included Fox (down 16.84%) on integration risks and Fiserv (down 10.91%) after CEO turnover. Investors monitor earnings and shareholder meetings this week for signals on corporate health and governance in sectors like fintech and software.

US Stock Market Today: S&P 500 Futures Rally On Easing Yields And Fed Optimism

SpaceX Poised to Surpass Amazon in Market Value Amid Post-IPO Surge

June 16, 2026, 4:42 AM EDT. Shares of SpaceX climbed over 10% in premarket trading, continuing a post-IPO rally that could push its market capitalization to nearly $2.8 trillion, surpassing Amazon’s $2.66 trillion valuation. The stock surged 19% on Monday and was last up 10.1% at $211.8, trading volumes exceeded $1.16 billion early Tuesday, outstripping combined volumes of Nvidia, Microsoft, Tesla, and Apple. SpaceX’s growth places it on track to become the fifth-largest company globally by market cap, highlighting strong investor demand following its initial public offering.

SpaceX set to surpass Amazon's market cap as post-IPO rally continues

ASX 200 edges up as gold and energy stocks rally, banks respond to RBA hold

June 16, 2026, 4:27 AM EDT. The ASX 200 inched higher, driven by gains in gold stocks and a rebound in the energy sector after a recent selloff. Bank shares rose following the Reserve Bank of Australia’s decision to hold interest rates steady. The combination of precious metals strength and energy sector recovery supported the modest market advance, while banking stocks benefited from the central bank’s pause, reflecting cautious optimism among investors.

Evening Wrap: ASX 200 sneaks gain as gold stocks extend gains and energy sector rebounds from selloff, banks cheer RBA hold

Defence Stocks Lead FTSE 100 on UK Spending Hopes and G7 Tensions

June 16, 2026, 4:26 AM EDT.Defence stocks Rolls-Royce, BAE Systems, and Babcock International rose 2-3% on the FTSE 100 early Tuesday as investors anticipate increased UK military spending amid rising geopolitical tensions ahead of the G7 summit. New Defence Secretary Dan Jarvis may seek additional funding, following predecessor John Healey’s departure over an £18 billion funding shortfall. Labour leader Keir Starmer pledges to raise defence spending to 3% of national income by 2034, supporting long-term order growth. European defence budgets are also increasing sharply, with spending due to top €392 billion in 2024. Market gains reflect concerns over Russia and Iran, with calls for further sanctions and military aid for Ukraine. Analysts warn valuations for these stocks remain high compared to the FTSE 100 average.

Defence stocks lead FTSE 100 as UK spending push and G7 tensions revive demand hopes

Nvidia Stock Forecast: Sustaining AI Leadership Amid Rising Competition

June 16, 2026, 4:12 AM EDT. Nvidia remains central to the AI chip market due to its integrated ecosystem, particularly its CUDA software, which creates costly switching barriers for users. Despite robust competition from Google, Amazon, Microsoft, Meta, and AMD developing their own AI chips, Nvidia’s entrenched infrastructure supports its dominance. Investors question if Nvidia can maintain leadership as AI demand shifts from raw power to efficiency and scalability. Competitors aim to cut reliance on Nvidia by building internal hardware solutions, seeking to reduce costs and exert pricing pressure. Nvidia’s challenge is no longer growth alone but retaining its lead in a maturing and highly contested AI market.

Nvidia Stock Forecast: Can NVDA Still Be the AI Leader?

Chrysos Corporation ASX:C79: Buy Opportunity in Mining Tech with PhotonAssay

June 16, 2026, 4:11 AM EDT. Chrysos Corporation (ASX:C79) is gaining attention with a Buy Rating for its innovative mining technology, PhotonAssay. This high-energy X-ray method offers faster, safer, and environmentally friendly gold analysis, distinct from traditional fire assays. Chrysos’s lease and contract-based revenue model provides recurring income, appealing amid the mining sector’s usual volatility. The technology’s ability to handle larger samples and preserve them for further testing bolsters its market appeal. Investors seeking gold sector exposure through technology rather than direct mining find C79 a unique option, reflecting ongoing demand for modernized, reliable assay solutions.

Chrysos Corporation (ASX:C79): Is This Mining Tech ASX Stock Buy Opportunity?

OpenAI Posts $39 Billion Loss Ahead of IPO; AIR Global Shares Drop 53% in June

June 16, 2026, 4:10 AM EDT. OpenAI disclosed a $39 billion net loss for 2025, driven by high AI development costs, ahead of its anticipated U.S. IPO targeting a valuation up to $1 trillion. In contrast, rival Anthropic reported a $47 billion revenue run rate with near-term operational profits, while SpaceX posted a $4.94 billion loss on $18.67 billion revenue after going public. Meanwhile, AIR Global’s stock tumbled 53.1% over 30 days, trading at $7.03 amid scarce financial data and regulatory concerns over its products. The lack of conventional valuation metrics like P/E or P/B ratios leaves AIR Global’s value unclear, posing challenges for investors assessing risk in the consumer durables and leisure space.

US Stock Market Today: Live Updates 16.06.2026

OpenAI Posts $39 Billion Loss in 2025 Ahead of IPO, Outpacing Anthropic and SpaceX

June 16, 2026, 4:01 AM EDT. OpenAI reported a net loss of approximately $39 billion in 2025, up from $5 billion in 2024, driven by high costs in AI development and compute capacity, according to audited figures cited by the Financial Times. The ChatGPT maker spent $34 billion last year, including $19 billion on research and development. OpenAI has confidentially filed for a U.S. IPO and aims for a valuation potentially reaching $1 trillion. By comparison, Anthropic, a rival AI firm, reported a $47 billion revenue run rate and expects operational profits soon, while Elon Musk’s SpaceX, which went public recently, posted a $4.94 billion loss on $18.67 billion revenue. Investor attention focuses on OpenAI and Anthropic’s upcoming listings amid growing AI market competition and record-setting valuation expectations.

OpenAI Financials Leaked Ahead Of IPO? ChatGPT Maker Said To Have Lost $39B Last Year: Here's How That Compares To Anthropic, SpaceX

AIR Global Stock Drops 53% in a Month; Valuation Unclear Amid Sparse Financial Data

June 16, 2026, 4:00 AM EDT. AIR Global (AIIR) shares have plunged 53.1% over 30 days and 31.4% over 90 days, reflecting fading momentum in 2026. Despite trading at $7.03 versus analyst targets near $9.00, the stock’s valuation remains uncertain due to a lack of public financial metrics like price-to-book (P/B), price-to-earnings (P/E), or price-to-sales (P/S) ratios. This absence obstructs traditional comparative analysis with peers in consumer durables and leisure sectors. Investors face risks including limited disclosed data and regulatory scrutiny on hookah and inhalation products. The price reset’s significance-whether an undervaluation or market caution-remains inconclusive until more financials are released. Market watchers are advised to monitor AIR Global closely and consider broadening their investment search amid prevailing uncertainties.

AIR Global (AIIR) Stock Price Has Fallen Hard But Is The Valuation Clear Yet

Stock Market Today

  • Rolls-Royce Share Price Surges Amid Small Modular Reactor Growth Potential
    June 16, 2026, 5:17 AM EDT. Rolls-Royce shares have jumped 13% in the past month, lifting the market cap to £112 billion, yet the price-to-earnings (P/E) ratio has eased to 44 from a peak of 65, reflecting cautious optimism. The FTSE 100 engineering giant, up 1,116% over five years, is capitalizing on growth in civil aerospace, defence, and power systems. CEO Tufan Erginbilgic is steering the company towards new opportunities in small modular reactors (SMRs) - compact nuclear reactors designed for energy-intensive uses like factories and data centres. Contracts in the UK, Czech Republic, Japan, and Sweden highlight SMR promise despite inherent challenges. Although risks remain from technical and geopolitical factors, Rolls-Royce's SMR ambitions could significantly boost its valuation, potentially doubling its current market cap to over £200 billion, making it a key UK stock to watch.

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