Episode 2026-06-17

You are listening to Seven Horns A I — your A I powered market update. Good afternoon. Today is Wednesday, June seventeenth, twenty twenty-six, and the closing bell has just rung on a dramatic, Fed-driven reversal on Wall Street. Stocks started the day on a positive note, with the Dow Jones hitting a fresh intraday record, but a hawkish shift from the Federal Reserve sent markets retreating in the final hours. The S P five hundred declined one point one nine percent, closing at seventy-four twenty-two. The Nasdaq composite bore the brunt of the selling, falling one point three four percent to twenty-six thousand twenty-two, while the Dow Jones dropped zero point nine eight percent to fifty-one thousand four hundred ninety-three. Looking ahead to tomorrow, the pressure appears set to continue. S P five hundred futures are down one percent versus their prior close, signaling further potential weakness, while Dow futures are down zero point eight one percent and Nasdaq futures are lower by zero point six one percent. The sell off was felt broadly across high multiple growth areas, with all seven tech megacaps finishing in the red. Meta Platforms led the retreat, falling five point four four percent. Microsoft and Amazon both declined over three percent, with Microsoft shedding three point seven nine percent and Amazon down three point four six percent. Google fell two point five three percent, while Tesla lost two point zero five percent. Apple and Nvidia showed relative resi