Yahoo Finance Live: Daily Market Coverage - June 24, 2026 3PM - 5PM (ET)

Equal-weight S&P 500 outperforms cap-weighted index

The equal-weight S&P 500 remained positive throughout the session while the cap-weighted version declined, showing that mega-cap tech drag is masking underlying strength in broader industrials and consumer names.

Long-term Treasury yields drop significantly

Both the 10-year and 30-year Treasury yields fell 9 basis points to 4.4% and 4.86% respectively, approaching levels seen at the start of the year and providing relief from rate pressure on equities.

Dow strength contrasts with Nasdaq weakness

The Dow Jones outperformed significantly with Home Depot rising 5% and Sherwin-Williams up 4%, while semiconductor stocks including ARM (-5%) and Western Digital (-8%) declined for a second consecutive day.

Crude returns to pre-war price levels

WTI fell below $70 and Brent traded at $73, returning to February 2026 pre-conflict levels, with JP Morgan now forecasting Brent at $64 by year-end 2026.

Strait of Hormuz shipping resumes gradually

Shipping activity shows signs of normalization with 10-30 vessel crossings daily, though empty tanker returns remain limited indicating incomplete supply chain recovery.

Cushing inventories hit critical lows

Storage at Cushing, the WTI pricing hub, fell below 20 million barrels for the first time since 2014, approaching operational minimums that could force violent price spikes if physical delivery contracts cannot be fulfilled.

Oil and inflation expectations diverge

Since April, falling crude prices have coincided with rising rate expectations as consumer spending power increases in an already overheated economy, creating uncertainty around tomorrow's PCE inflation data.

OpenAI and Broadcom partner on custom chip

OpenAI is teaming up with Broadcom to develop a custom AI chip codenamed "Jalapeno" in a strategic move to challenge Nvidia's dominance and reduce reliance on high-demand GPUs.

Cerebras faces profitability scrutiny post-IPO

Recently public AI chipmaker Cerebras faced investor pressure regarding its path to profitability following its first earnings report, highlighting market demands for financial results alongside growth.

Wendy's surges on viral Reddit interest

Wendy's shares jumped following viral interest from Reddit's WallStreetBets community citing new management, store closure strategies, China expansion plans, and potential buyout catalysts.

Lunar Outpost positions as moon infrastructure builder

CEO Justin Cyrus described his company as the "Uber" of the moon, providing autonomous mobility and infrastructure systems complementary to SpaceX's transportation capabilities.

Artemis program deployment scheduled for 2028

The company is developing robotic systems to build power stations, communications networks, and landing pads under NASA's Artemis program, with a lunar terrain vehicle scheduled for 2028 deployment.

Oversubscribed funding round signals investor confidence

Lunar Outpost raised $30 million in four weeks with 3x oversubscription after doubling revenue annually for four years, pivoting from early commercial oil and gas work to space infrastructure.