News Bulletin
Tuesday, June 16, 2026
Morning Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Tuesday, June 16, 2026
8:15	ADP Employment Change Weekly			29.00K
8:30	Import Price Index (MoM) (May)		0.90%	1.90%
8:30	Export Price Index (MoM) (May)		1.20%	3.30%
8:30	Housing Starts (May)		1.430M	1.465M
8:30	Housing Starts (MoM) (May)			-2.80%
8:30	Building Permits (May)		1.420M	1.423M
10:00	Atlanta Fed GDPNow (Q2)		3.30%	3.30%
13:00	20-Year Bond Auction			5.12%
16:30	API Weekly Crude Oil Stock		-4.500M	-9.119M

Indices

	CLOSE	50 DMA	200 DMA
DJIA	51,671.03	49,663.48	48,060.75
NASDAQ	26,683.94	25,306.28	23,456.09
S&P 500	7,554.29	7,267.24	6,887.77

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
La-Z-Boy LZB:US		0.85		590.16M	$1.62B	PM

Market News:

Stock futures on Wall Street were muted on Tuesday, while oil prices continued to edge lower, as investors waited for more details to emerge around a preliminary peace agreement between the United States and Iran.

By 05:43 ET (09:43 GMT), the Dow futures contract was mostly flat, S&P 500 futures had slipped by 5 points, or 0.1%, and Nasdaq 100 futures had ticked up by 20 points, or 0.1%.

"Markets have clearly stabilized this morning after the surge of optimism that surrounded the deal yesterday," analysts at Deutsche Bank said in a note.

The main U.S. averages advanced in the previous session, buoyed by the announcement of a deal to conclude the more than three-month old war in the Middle East. At the same time, shares of SpaceX, Elon Musk’s reusable rocket company, surged, extending a climb following a blockbuster public debut last week.

At the end of trading on Monday, the blue-chip Dow Jones Industrial Average had gained 469 points, or 0.9%, the benchmark S&P 500 had risen by 123 points, or 1.7%, and the tech-heavy Nasdaq Composite had jumped by 795 points, or 3.1%.

Brent extends drop

President Donald Trump has suggested that the Strait of Hormuz will be fully reopened by Friday, when representatives from Washington and Tehran are set to meet in Switzerland for a formal signing of the interim peace deal.

Speaking in France at the start of a Group of Seven meeting, Trump insisted that the strait, which has been effectively shuttered for weeks, is already "partially opened."

"Ships are starting to go out now, and on Friday it will be completely opened," he said.

However, some uncertainty has surrounded that timeline, according to The Wall Street Journal. Citing senior U.S. officials, the paper said it could take two weeks for normal shipping operations to resume.

Meanwhile, Trump said the text of the framework deal will be released on Friday, even as other officials said it could be made public with two days, the WSJ said. Details remain scarce, but reports say that, along with reopening the strait, the memorandum of understanding will extend an ongoing ceasefire by 60 days and lift an American blockade of Iranian ports.

U.S. Vice President JD Vance, who will attend the signing ceremony, told CNBC on Monday that "there are a lot of very important details to figure out."

Against this backdrop, Brent crude futures, the global oil benchmark, were last down by 1.7% to $81.72 a barrel. On Monday, the contract plunged to three-month lows.

Fed rate decision looms

Attention is now shifting to the Federal Reserve, which is due to kick off its latest two-day policy meeting later today. The central bank is widely tipped to leave interest rates unchanged on Wednesday, with officials keeping tabs on accelerating inflationary pressures due largely to an Iran-linked spike in gasoline pump costs. As a result, much of the focus will be on post-decision commentary from new Fed Chair Kevin Warsh.

Beyond the Fed, the Bank of Japan increased interest rates by 25 basis points on Tuesday, with the central bank stating that it will continue to tighten policy in the face of sticky inflation. Along with the broadly anticipated hike, the BOJ outlined plans to reduce its pace of monthly bond purchases in the coming quarters.

The Reserve Bank of Australia, meanwhile, announced that ti would leave borrowing costs steady, although policymakers flagged that they might raise rates again if needed, warning that "headline and underlying inflation are still too high."

In individual stocks, SpaceX extended gains in extended hours trading after surging 19% in its second day of trading. SpaceX’s meteoric rise has given it a market capitalization comparable to longstanding stock market heavyweights such as Google-owner Alphabet, iPhone-maker Apple, and artificial intelligence chip titan Nvidia.

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