The S&P 500 closed at 7,500.58 on Friday June 19. Eleven positive weeks in the past twelve. The Nasdaq jumped 2.4% for a holiday-shortened week, with AI software names recovering from May's chip selloff. The dollar sits at its highest level since May 2025 despite the ECB hiking for the first time in three years. Volatility stayed calm. No major US data is scheduled for Monday.
What did the S&P 500 and Nasdaq do in the week ending June 20, 2026?
The S&P 500 closed at 7,500.58 on June 19, up 1.08% on the session, positive for 11 of the past 12 weeks. The holiday-shortened week added 0.9%. Nasdaq outperformed with a 2.4% weekly gain. US markets observed Juneteenth on June 19, compressing active trading to four sessions. No major earnings or economic data land on June 22. The next data point is flash PMI Tuesday June 23.
Which AI stocks led the rally in the week of June 16?
Microsoft gained 8% on June 17 after Citi raised price targets citing Azure growth and Copilot enterprise demand. Nvidia holds the top analyst ranking on Blackwell and Rubin chip cycle visibility. Both contributed to the Nasdaq's 2.4% weekly gain. AI names recovered ground from the early June semiconductor selloff that erased over $1 trillion in market cap across two sessions. No major tech earnings are on the June 22 calendar.
Where does the dollar stand heading into June 22?
DXY traded near 100.7 on June 19, up roughly 1.4% over four weeks and at its highest since May 2025. The Federal Reserve held rates at 3.50%-3.75% on June 17, with nine of 18 FOMC officials projecting another hike by year-end. EUR/USD closed at 1.1463 on June 20, lower than before the ECB's June 11 hike to 2.25%. The interest rate differential between the two central banks widened rather than narrowed.
What is VIX signaling about market risk this week?
VIX closed at 16.78 on June 19, inside the normal-risk range. The 10-year Treasury yield closed at 4.49%, with 2-year yields near 4.20% and the curve still inverted. Core PCE, the Fed's preferred inflation gauge, prints Thursday June 25 at 8:30 AM ET. May CPI came in at 4.2% year-over-year. A hot reading would reinforce the case for action at the July 29 FOMC meeting.
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