Stock Market Pulse — June 13, 2026

Market Scoreboard

What Drove the Tape

Markets closed on a positive note for the week on June 12 as investors maintained optimism following President Trump's announcement that the U.S. and Iran have agreed to deal wording to end their conflict. Earlier in the week, equities had declined sharply on June 9–10 as Trump signaled potential military escalation, pushing major indices lower and driving oil prices higher. The recovery on June 12 reflected a flight back to risk assets as geopolitical risk premium receded. Financial services and technology sectors outperformed, with software and chipmakers rebounding after the previous session's selloff. SpaceX's landmark IPO—the largest in U.S. history by market cap—provided an additional tailwind, signaling renewed investor appetite for megacap growth plays.

Top Movers

Biggest Gainers

• MSFT (Microsoft) — +3.6% to undisclosed price. Software powerhouse rallied alongside sector-wide technology rebound as Iran de-escalation reduced market uncertainty.
• ORCL (Oracle) — +12.7% to undisclosed price. Database and cloud software giant soared and became the S&P 500's biggest percentage gainer as investors rotated back into high-margin software plays.
• SpaceX — +19.7% (approximate) during IPO week debut. Musk's aerospace company posted the largest IPO in history; MSCI added the stock to Large-Cap and Standard indexes, catalyzing a multisession rally.

Biggest Decliners

No major decliners were highlighted in recoveries for June 12, 2026. The session was broadly constructive, with most sectors advancing on peacemaking headlines. Earlier in the week (June 9–10), chipmakers including Broadcom suffered sharp losses on disappointing guidance, but those losses were partially recovered by June 12.

Earnings Spotlight

No major earnings reports were published in the past 24 hours (after June 11, 2026) with specific EPS and revenue figures. Broadcom's disappointing results on June 4, 2026, had already reverberated through the chip sector in prior sessions.

Sector Heatmap

• Leaders: Technology (+2.5%–3.6%), Financial Services (+1.7%), Consumer Discretionary (+2.5%)
• Laggards: Energy (−2.6% earlier in week); most sectors participated in the June 12 recovery.

Macro & Rates

• 10Y Treasury: Data not available for June 12, 2026 close
• Oil: Fell sharply on June 12 following Trump's announcement of a U.S.-Iran peace deal; earlier in the week crude surged on escalation fears
• Dollar Index: Not specified in available data
• Geopolitical Driver: Trump's June 11 announcement that the U.S. called off Iran strikes and signaled imminent deal completion shifted market sentiment from risk-off to risk-on. Pakistan's Prime Minister later confirmed U.S. and Iran had agreed on deal wording.

What to Watch Next Session

• Federal Reserve Meeting (week of June 16): The Fed's next decision on monetary policy is expected; interest-rate expectations could shift if inflation data or geopolitical risks resurface
• Nvidia Earnings: Chipmakers remain in the spotlight; Nvidia's results and guidance are critical for the technology sector and broader market valuation
• SpaceX Index Inclusion Push: Wall Street expected to add SpaceX to major indices in coming days, likely driving further index rebalancing demand

Reader Action Items

1. Geopolitical De-Risking Trade: The Iran peace deal has significantly reduced the oil-shock premium baked into equity valuations. Investors who shorted energy and avoided tech during the conflict may consider rotating back into semiconductors, cloud software, and consumer discretionary on sustained de-escalation.

2. SpaceX Mega-Cap Effect: The historic IPO is tilting market breadth toward megacap growth; smaller-cap and value stocks may be overlooked near-term. Monitor whether the Dow's resilience (up 0.7%) can persist as capital flows to blockbuster debuts rather than broad index funds.

3. Earnings Season Vigilance: With Broadcom's miss earlier this week and Nvidia awaiting, chip guidance cycles will drive volatility. High-margin software (MSFT, ORCL) has already repriced higher on optimism; watch for valuation resets if growth forecasts disappoint.