After Hours Report

Last Updated: 18-Jun-26 17:27 ET | Archive

After hours report provides a review of the day’s stock market and treasury market session performance with a recap of indices, sector, and industry performance, trends, as well as key news items that impacted the markets. Get a run-down of general news events, broker ratings changes, key after hours earnings reports and guidance, and highlights of events scheduled for the next day. On Fridays, the After Hours Report is a recap of the week’s stock market activity.


Quiet after-hours session closes out holiday-abbreviated week

The stock market finished a bumpy week on a higher note, with exceptional tech leadership and stable oil prices helping the S&P 500 (+1.1%), Nasdaq Composite (+1.9%), and DJIA (+0.1%) rebound from yesterday's FOMC-driven selloff and lock in weekly gains.

The top-weighted information technology sector (+2.7%) closed with the widest gain, buoyed by a strong showing from its semiconductor components. Intel (INTC 133.99, +12.89, +10.64%) locked in a double-digit gain after President Trump confirmed the company will partner with Apple (AAPL 298.01, +2.06, +0.70%) to design and manufacture Apple's chips in the U.S.

Micron (MU 1133.99, +90.80, +8.70%) surged alongside other memory names following a flurry of price target increases, and the PHLX Semiconductor Index finished 6.4% higher, pushing its year-to-date gain past 100%.

Elsewhere in the technology sector, Accenture (ACN 130.54, -25.46, -16.32%) finished as the S&P 500's worst performer after issuing disappointing forward guidance with its earnings release, weighing on other IT services names such as Cognizant Tech (CTSH 43.70, -5.12, -10.49%) and IBM (IBM 249.10, -13.25, -5.05%).

While semiconductor names were a point of relative strength amid yesterday's FOMC-driven retreat, today's action featured considerably stronger performances from mega-cap names outside the information technology sector. Amazon (AMZN 244.39, +6.89, +2.90%) posted a nice gain after Bloomberg reported the company is considering selling its Trainium AI chips to external data centers in a push to challenge NVIDIA's (NVDA 210.69, +6.04, +2.95%) dominance, while Alphabet (GOOG 367.46, +5.36, +1.48%) and Meta Platforms (META 577.22, +9.64, +1.70%) rebounded from sharply lower finishes yesterday.

The consumer discretionary (+1.8%) and communication services (+1.1%) sectors both outperformed after closing with the widest losses in yesterday's session, and the Vanguard Mega Cap Growth ETF finished 1.8% higher.

The consumer discretionary sector was also a beneficiary of today's macro and geopolitical developments. President Trump signed a 60-day memorandum of understanding aimed at ending the conflict in Iran, which would reopen the Strait of Hormuz and reduce risks to global energy supplies. Oil prices moved sharply lower before paring most of their losses to finish little changed, though crude still ended the week only about $10 per barrel above levels seen before the start of the U.S. military campaign against Iran.

Oil- and rate-sensitive stocks outperformed, with Carvana (CVNA 66.55, +3.69, +5.87%) and DoorDash (DASH 173.46, +7.80, +4.71%) finishing as the consumer discretionary sector's top performers.

Homebuilders such as PulteGroup (PHM 126.96, +5.08, +4.17%) and Lennar (LEN 89.73, +3.25, +3.76%) also posted solid gains, sending the iShares U.S. Home Construction ETF 3.6% higher.

Similarly, building and construction names in the industrials sector (+0.7%) helped the sector notch a higher finish, with electrical names rallying alongside semiconductors.

The rate-sensitive utilities sector (+0.7%) rounds out the five S&P 500 sectors that finished higher, despite a weaker showing from other defensive-oriented sectors such as health care (-0.9%) and consumer staples (-0.6%). Kroger (KR 56.61, -5.21, -8.43%) was a laggard after a slight EPS miss and underwhelming forward guidance.

Unsurprisingly, the energy sector (-1.7%) finished with the widest loss amid the MOA signing between the U.S. and Iran, while other cyclical sectors, such as the financials (-0.9%) and materials (-0.4%) sectors, also lagged.

Outside of the S&P 500, the Russell 2000 (+2.1%) outperformed amid the improving macro backdrop, while the S&P Mid Cap 400 (+1.1%) also captured a nice gain.

Overall, today's session represented a solid rebound from yesterday's FOMC-driven weakness, as investors appeared willing to look past the Fed's more hawkish tone and continue buying into areas of recent strength. Semiconductor stocks once again provided the market's primary leadership, while easing geopolitical tensions and stable oil prices helped broaden participation and support a constructive finish to the week.

As a reminder, the market will be closed tomorrow for the Juneteenth holiday.

U.S. Treasuries finished the holiday-shortened week in mixed fashion, sending the 30-year yield note yield to a two-month low (4.90%) while the 2-year yield settled at its highest level since February 2025.

The 2-year note yield settled up two basis points to 4.18% (+9 basis points this week), and the 10-year note yield settled down one basis point to 4.45% (-6 basis points this week).

  • Russell 2000: +20.1% YTD
  • S&P Mid Cap 400: +14.7% YTD
  • Nasdaq Composite: +14.1% YTD
  • S&P 500: 9.6% YTD
  • DJIA: +7.3% YTD

Reviewing today's data:

  • Weekly Initial Claims 226K (Briefing.com consensus 226K); Prior was revised to 230K from 229K, Weekly Continuing Claims 1.810 mln; Prior was revised to 1.786 mln from 1.795 mln
    • The key takeaway from the report is the steady level of initial jobless claims—a leading indicator—which suggests the continuation of low firing activity overall.
  • June Philadelphia Fed Index 10.3 (Briefing.com consensus 10.0); Prior -0.4
  • May Leading Economic Index 0.1% (Briefing.com consensus 0.1%); Prior was revised to 0.2% from 0.1%

Overseas:

  • Europe: DAX +0.4%, FTSE -1.0%, CAC +0.4%
  • Asia: Nikkei +1.7%, Hang Seng -1.6%, Shanghai -0.4%

Commodities:

  • Crude Oil +0.50 @ 76.59
  • Nat Gas +0.10 @ 3.24
  • Gold -136.40 @ 4245.30
  • Silver -4.55 @ 66.27
  • Copper -0.10 @ 6.39

After-Hours Spotlight:

  • Activist investor considers proxy battle at Vail Resorts (MTN), according to Semafor...MTN +0.2%
  • BCB Bancorp (BCBP) announces suspension of cash dividend...BCBP -0.6%
  • Boeing (BA) awarded a $880 mln Navy contract for the procurement, modernization, and sustainment of P-8A Poseidon aircrew and maintenance training systems...BA +0.3%
  • Cisco (CSCO) announces intent to acquire WideField Security...CSCO +0.1%
  • Delta Air Lines (DAL) increases quarterly dividend 15% to $0.2150/share...DAL +0.1%
  • Intel (INTC) announces appointment of Seok-Hee Lee as executive vice president of Intel Foundry...INTC -0.2%
  • Meta Platforms (META) signs new AI compute agreements with Crusoe, according to Bloomberg...META +0.1%
  • Moderna (MRNA) announces FDA Advisory Committee votes unanimously in favor of the benefit-risk profile of mRNA-1010...MRNA -0.1%
  • Talen Energy (TLN) files for 2,399,998 share common stock offering by selling stockholders...TLN -0.2%
Today's News Summary:

For a full rundown of today's market and after hours developments, see Live In Play

  • Earnings/Guidance (Full Earnings Calendar):
    • Accenture (ACN) beats by $0.09, reports revs in-line; guides FY26 EPS in-line
    • Allstate (ALL) estimates May catastrophe losses of $289 mln or $228 mln, after-tax
    • Bitdeer (BTDR) reports May 2026 Production and Operations Update
    • Kroger (KR) misses by $0.01, beats on revs; reaffirms FY27 EPS guidance
    • Nucor (NUE) issues upside Q2 EPS guidance; Earnings in Q2 expected to increase all three operating segments
    • Rumble (RUM) announces closing of acquisition of Northern Data AG; Northern Data recently raised its FY26 revenue guidance to EUR 170-190 mln
    • Smith & Wesson Brands (SWBI) beats by $0.13, beats on revs
    • Steel Dynamics (STLD) issues Q2 EPS guidance, which includes a charge related to asset write-downs; Q2 profitability from the company's steel operations is expected to be meaningfully higher than Q1 results
  • General News
    • President Trump signs peace deal with Iran. Bloomberg
    • Kevin Warsh planning changes at the Fed. WSJ
    • Axios reporter Barak Ravid posts on X, "U.S. and Iran have signed the MOU for ending the war remotely on Wednesday and it is now in effect, two U.S. officials told me"
    • Bank of England left its bank rate unchanged at 3.75%, as expected; Vote was 7-2, with two dissents in favor of a hike
    • Centcom says the U.S. ends maritime blockade enforcement around Iranian ports
    • OpenAI introduces new usage analytics and updated spend controls for enterprises
    • Alkermes (ALKS) presents detailed positive results from Vibrance-2 Phase 2 Study of Alixorexton in adults with narcolepsy Type 2 at SLEEP 2026
    • Amazon (AMZN) explores selling Trainium AI chips to external data centers in push to challenge Nvidia (NVDA) dominance, according to Bloomberg
    • Apple (AAPL) targets spring 2027 for next-generation of iPhone Air, according to Bloomberg
    • Apple (AAPL): Tim Cook says Apple will raise prices due to memory chip crunch, according to WSJ
    • Apple (AAPL): President Trump confirmed Apple to work with Intel (INTC) to design and build its Chips in America
    • ATN International (ATNI) increases quarterly dividend by 5.5% to $0.29/share
    • Aurora Mobile (JG) announces that its Japanese subsidiary, Aurora Mobile Japan K.K., has entered into a business partnership with AI Storm Co., Ltd. to jointly advance AI-powered customer operations and digital transformation initiatives in the Japanese market
    • AXT (AXTI) discloses that its subsidiary entered into a long-term supply agreement with Nanjing Casela Technologies
    • Beam Therapeutics (BEAM) Announces Clearance of Investigational New Drug Application for BEAM-304 for the Treatment of Phenylketonuria (PKU) by the United States (U.S.) Food and Drug Administration
    • BitGo Holdings (BTGO) launches MiCAR-compliant infrastructure offering for European crypto firms
    • Certara (CERT) announces that CFO John Gallagher intends to resign, effective July 14; reaffirms FY26 guidance
    • CervoMed (CRVO) announces that it has entered into definitive agreements for the purchase and sale of 2,500,000 shares of common stock at a purchase price of $4.00/share in a registered direct offering priced at-the-market under Nasdaq rules
    • Clorox (CLX) announces simplified operating structure to improve execution and accelerate growth; names Chris Hyder as COO
    • CONMED (CNMD) announces the appointment of John E. Gallagher as Chief Financial Officer, effective July 15, 2026
    • Corcept (CORT) Resubmits New Drug Application for Relacorilant as a Treatment for Patients with Cushing’s Syndrome
    • Enanta Pharmaceuticals (ENTA) is advancing zelicapavir into a registrational Phase 2b/3 clinical trial
    • enCore Energy Corp. (EU) announces that the Bureau of Land Management has issued a final decision and approved the Dewey Burdock Uranium Project, authorizing the Company to commence infrastructure construction for the Dewey Burdock Uranium In-Situ Recovery Project in Southwest South Dakota
    • Endeavour Silver (EXK) intersects high-grade silver and gold mineralization at its Terronera Operation
    • Elanco Animal Health (ELAN) plans to establish Elanco Ventures, a dedicated corporate venture capital platform designed to support, invest and advance innovation in animal health
    • FreeCast (CAST) adds Starlink Business services through reseller agreement
    • General Dynamics (GD) awarded a $116.6 mln modification to previously awarded Navy contract
    • GSK plc (GSK) and Spero Therapeutics announce that the FDA has approved Utezbi for adults with complicated urinary tract infections
    • HawkEye 360's (HAWK) Cluster 14 satellites have reached full operational capacity
    • HCI Group (HCI) launches tokenized reinsurance pilot tied to catastrophe programs
    • Independent Bank (IBCP) announces shareholder approval to acquire HCB Financial Corp. and Highpoint Community Bank; expected to be effective on July 1
    • Infineon (IFNNY) wins patent infringement case against Innoscience
    • Inflection Point Acquisition Corp. VI (IPFX): Quantum Space wins Pentagon contract for orbital refueling system
    • Innodata (INOD) appoints Jayant Chauhan as CFO; reaffirms FY26 guidance
    • Kopin (KOPN) entered into a Share Repurchase Agreement on June 10 - Kopin no longer holds any equity interest in either LST or LSA
    • Lexeo Therapeutics (LXEO) Announces Publication in JAMA Cardiology of Phase I/II Data for LX2006 in Friedreich Ataxia
    • Live Nation (LYV) confirmed launch of 'Reserved by Spotify'
    • Merck (MRK) announces FDA approval of an additional indication for CAPVAXIVE (Pneumococcal 21-valent Conjugate Vaccine) in children and adolescents aged 2 through 17 at increased risk for pneumococcal disease
    • Meta (META) drops opposition to kids' safety bill. Politico
    • Middleby (MIDD): SEC declared effective the Registration Statement on Form 10 filed by Midera Food Processing in connection with the previously announced separation
    • Moderna (MRNA): FDA advisers vote in favor of Moderna flu shot for ages 65+ - CNBC
    • New Fortress Energy (NFE) announces that the previously announced UK RP involving its subsidiaries NFE Global Holdings Limited and NFE Brazil Newco Limited has been approved
    • NIQ Global Intelligence plc (NIQ) announced a new collaboration with Ogury, the global AdTech company powered by Persona Intelligence
    • Nokia (NOK) and Lenovo (LNVGY) sign patent cross-license agreement
    • Norwood Financial Corp. (NWFL) discloses that two Wayne Bank customers filed for personal and corporate Chapter 11 bankruptcy
    • Novocure (NVCR) Announces Topline Data from the Phase 3 TRIDENT Trial Evaluating Earlier Use of Tumor Treating Fields Therapy in Newly Diagnosed Glioblastoma
    • Nyxoah S.A. (NYXH) receives $15 mln in proceeds from the second tranche of its loan facility with the European Investment Bank
    • Oklo Inc. (OKLO) and Centrus (LEU) sign letter of intent to purchase nuclear fuel for Aurora powerhouse deployment in Ohio
    • Organon (OGN) expands Canadian biosimilar partnership with Samsung Bioepis
    • Pfizer (PFE) CFO Dave Denton will step down on August 15, names Cecile Guegan interim CFO
    • Roche Hldg (RHHBY) receives FDA review for Lunsumio VELO in large B-cell lymphoma
    • Rumble (RUM) introduces a new business unit and legal name for the company
    • Samsung (SSNLF) sees growing fab demand from Alphabet, AMD, and others. Nikkei
    • South Plains Financial (SPFI) announces upcoming retirement of Chairman and CEO, Curtis Griffith, effective December 31, 2026; Appoints Cory Newsom, director and President, as new CEO
    • RMR Group (RMR): Office Properties Income Trust completes Chapter 11 reorginzation
    • SpaceX (SPCX) elects Roelof Botha as independent Common Stock Director
    • Stantec (STN) announces that CEO Gord Johnston will retire, effective October 1; names Susan Reisbord as next President and CEO
    • Tesla (TSLA): Sweden moves to oppose EU rollout of Tesla supervised self-driving over speeding concerns, according to Reuters
    • The Campbell's Company (CPB) announces leadership transitions in transformation office and communications
    • Titan Mining (TII) appoints Richard Pozzebon as Chief Financial Officer, effective July 6, 2026
    • Tower Semi (TSEM) and Marvell (MRVL) surpass 5 mln coherent photonic IC shipments
    • Vail Resorts (MTN) engages defense advisers as activist risks, Park City pressure mount, according to Semafor
    • Venture Global (VG) announces the execution of new, binding agreements for the purchase of approximately 0.82 mln tonnes per annum of U.S. liquefied natural gas from Venture Global for approximately five years commencing in 2026
    • Verra Mobility (VRRM) announces organizational changes, including appointment of Stacey Moser as Chief Customer Officer
  • Upgrades:
    • Albemarle (ALB) upgraded to Buy from Neutral at Citigroup, tgt $225
    • Airbus (EADSY) upgraded to Buy from Hold at Kepler Cheuvreux
    • American Express (AXP) upgraded to Buy from Hold at DZ Bank, tgt $375
    • BXP (BXP) upgraded to Outperform from Sector Perform at Scotiabank, tgt $70
    • CME Group (CME) upgraded to Outperform from Market Perform at Keefe Bruyette, tgt $305
    • Coda Octopus (CODA) upgraded to Buy from Hold at Freedom Broker, tgt $14
    • Enphase Energy (ENPH) upgraded to Equal Weight from Underweight at Barclays, tgt $51
    • Essential Properties Realty Trust (EPRT) upgraded to Outperform from Sector Perform at Scotiabank, tgt $33
    • Isuzu Motors (ISUZY) upgraded to Buy from Neutral at UBS
    • Nice (NICE) upgraded to Buy from Neutral at DA Davidson, tgt $110
    • Rexford Industrial Realty (REXR) upgraded to Outperform from Sector Perform at Scotiabank, tgt $36
    • uniQure (QURE) upgraded to Overweight from Equal Weight at Barclays, tgr $65
    • Verisk Analytics (VRSK) upgraded to Neutral from Sell at Rothschild & Co Redburn, tgt $185
  • Downgrades:
    • Anglo American (NGLOY) downgraded to Hold from Buy at Berenberg, tgt $28
    • Curbline Properties (CURB) downgraded to Equal Weight from Overweight at Morgan Stanley, tgt $30
    • enGene (ENGN) downgraded to Underweight from Equal Weight at Morgan Stanley
    • FactSet Research Systems (FDS) downgraded to Sell from Neutral at Rothschild & Co Redburn, tgt $215
    • Indivior (INDV) downgraded to Neutral from Buy at Barclays, tgt $46
    • Intuit (INTU) downgraded to Hold from Buy at Stifel, tgt $275
    • Jefferies Financial Group (JEF) downgraded to Neutral from Buy at UBS, tgt $67
    • Prologis (PLD) downgraded to Sector Perform from Outperform at Scotiabank
    • Subaru (FUJHY) downgraded to Sell from Neutral at UBS
  • Others:
    • Andersons (ANDE) initiated with a Buy at Texas Capital, tgt $110
    • Atrium Therapeutics (RNA) initiated with an Overweight at Cantor Fitzgerald, tgt $25
    • Bentley Systems (BSY) initiated with an Outperform at BNP Paribas Exane, tgt $40
    • Constellation Energy (CEG) initiated with a Neutral at Goldman, tgt $305
    • Copa Holdings (CPA) initiated with a Buy at Jefferies, tgt $185
    • Costco Wholesale (COST) resumed with a Neutral at Citigroup, tgt $1,020
    • EastGroup Properties (EGP) resumed with an Outperform at Raymond James, tgt $241
    • First Industrial Realty Trust (FR) resumed with a Strong Buy at Raymond James, tgt $83
    • Grupo Aeromexico (AERO) initiated with a Hold at Jefferies, tgt $20
    • Immix Biopharma (IMMX) initiated with a Buy at BofA Securities, tgt $27
    • Indivior (INDV) initiated with an Overweight at Barclays, tgt $46
    • IREN (IREN) initiated with a Buy at Jefferies, tgt $79
    • LatAm Airlines Group (LTM) initiated with a Buy at Jefferies, tgt $70
    • LXP Industrial Trust (LXP) initiated with a Market Perform at Raymond James
    • Octave Intelligence (OCTV) initiated with an Equal Weight at Barclays, tgt $18
    • Praxis Precision Medicines (PRAX) initiated with an Outperform at RBC Capital, tgt $449
    • Prologis (PLD) resumed with a Market Perform at Raymond James
    • Relmada Therapeutics (RLMD) initiated with a Buy at H.C. Wainwright, tgt $12
    • Rexford Industrial Realty (REXR) initiated with an Underperform at Raymond James
    • SpaceX (SPCX) initiated with a Buy at Arete, tgt $401
    • STAG Industrial (STAG) resumed with an Outperform at Raymond James, tgt $44
    • Talen Energy (TLN) initiated with a Buy at Goldman, tgt $499
    • Targa Resources (TRGP) initiated with a Buy at Jefferies, tgt $314
    • Terreno Realty (TRNO) initiated with an Underperform at Raymond James
    • Volaris (VLRS) initiated with a Hold at Jefferies, tgt $10
  • Econ Data (Friday):
    • Market Closed For Juneteenth Holiday
  • Earnings:
    • Monday (June 15)
      • Pre-Market: None
      • After-Hours: PLAY
      Tuesday (June 16)
      • Pre-Market: WLY
      • After-Hours: LZB
    • Wednesday (June 17)
      • Pre-Market: KMX, JBL
      • After-Hours: SWBI
    • Thursday (June 18)
      • Pre-Market: ACN KR
      • After-Hours: None
    • Friday (June 19)
      • Pre-market: None
      • After-Hours: None


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