Market Briefs

A U.S.-Iran peace deal and the reopening of the Strait of Hormuz sent oil down roughly 10% on the week and lifted Wall Street, with US stock and bond markets closed today for Juneteenth.

A hawkish first Fed under new Chair Kevin Warsh — a higher 2026 dot and no forward guidance — knocked Wall Street about 1.2% lower, leaving the JSE to play catch-up as the Bank of England decision and US jobless claims headline the day.

A sharp rotation sent the Dow to a record while the Nasdaq fell on a chip sell-off, as markets await Kevin Warsh's first Fed decision.

A confirmed US-Iran deal to end the war sent global markets risk-on, pushed oil to a three-month low and lifted US futures, with attention turning to this week's Federal Reserve decision.

Stocks rallied as Trump called off Iran strikes and floated a weekend peace deal, with the S&P 500 up 1.75% and the Nasdaq leading at +2.5%.

A hot US CPI print and a renewed AI selloff dragged the S&P 500 and Nasdaq lower, with higher oil adding an inflation overhang ahead of today's US PPI.

A chip-led rebound steadied the S&P 500 and Nasdaq as markets drifted into a quiet session ahead of South Africa's Q1 GDP print and next week's Fed decision.

Friday's chip-led selloff dragged Wall Street to its worst day since October, and a data-heavy week now hinges on US CPI and SA GDP.

Stock market today: the Dow hit a record as a Broadcom-led chip slump dragged the Nasdaq, with all eyes on the May US jobs report.

Wall Street snapped a nine-day winning streak as renewed US–Iran tensions lifted oil and Treasury yields, with the S&P 500 down 0.74% and strategists split on valuations ahead of Friday's US jobs report.