Episode 2026-06-20

You are listening to Seven Horns, your A I powered market update. Happy weekend, everyone. Today is Saturday, June twentieth, twenty twenty-six. With the markets closed, we are looking back at an eventful week. Because of the Juneteenth holiday on Friday, the weekly action wrapped up on Thursday with solid gains in tech. The S and P five hundred gained one point zero eight percent to close at seventy-five hundred, securing its second consecutive weekly advance with a gain of zero point nine percent for the week. The Nasdaq Composite led the charge, rising one point ninety-one percent to twenty-six thousand five hundred and eighteen, while the Dow Jones Industrial Average ticked up a modest zero point one four percent to fifty-one thousand five hundred and sixty-five. It was a dramatic session on Thursday. Early on, the Dow dropped nearly five hundred points as investors digested a hawkish hold from the Federal Reserve. The central bank held rates steady at three point five zero to three point seven five percent, but updated projections showed half of the policymakers expect a rate hike by the end of the year, with inflation remaining at four point two percent. However, the market completely reversed course after a massive announcement: a preliminary domestic chip manufacturing partnership between Intel and Apple. This news ignited a massive rally in semiconductors, dragging the broader indexes sharply higher. Looking at individual movers, Intel surged ten point six four per