The S&P 500 rose 0.65%, while the Nasdaq advanced 0.70%. The Dow Jones Industrial Average gained 0.66%. The MSCI EAFE Index, which tracks developed overseas stock markets, added 0.92 percent.1,2
Diplomacy, Data, and a Record IPO
Stocks were mixed on the first day of the week. Chip stocks led advances by the S&P 500 and Nasdaq, while the Dow Industrials sagged.3
The script flipped in the next session, as the chip stock fizzled despite a drop in oil prices. The S&P and Nasdaq slipped, while the Dow Industrials gained. Materials and consumer discretionary and real estate sectors led, with the latter rising on better-than-expected existing home sales.4
Stocks fell broadly midweek as investors reacted to the May CPI report, which showed year-over-year consumer inflation ticked up to 4.2 percent.5
But then sentiment turned positive again on Thursday after the White House gave an update on its ongoing diplomatic efforts in the Middle East.6
The week wrapped on a positive note, as the largest IPO appeared to boost investor enthusiasm, particularly for AI, and there were more updates on the Middle East.7
Inflation Comes as Expected
While year-over-year inflation rose to a three-year high due largely to higher energy prices, Wall Street found several silver linings in the May report.
First, the 4.2 percent headline CPI reading matched expectations. Second, core inflation rose 2.9 percent over the prior 12 months, also in line with forecasts.
Finally, month-over-month inflation cooled slightly, giving investors hope that energy prices may have peaked.8
Economic Data To Watch
Monday: Industrial Production. Capacity Utilization.
Tuesday: Import Prices. Housing Starts. Building Permits.
Wednesday: Retail Sales. Pending Home Sales. Home Builder Confidence Index. Business Inventories. FOMC Interest Rate Decision. Fed Chair Warsh Press Conference.
Thursday: Weekly Jobless Claims.
Friday: The Stock Market will be closed for the Juneteenth Holiday.
Source: Investors Business Daily - Econoday economic calendar; June 12, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.
Upcoming Earings Reports
Thursday: Accenture (ACN)
Source: Zacks, June 12, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.
Footnotes And Sources1. WSJ.com, June 12, 2026
2. Investing.com, June 12, 2026
3. CNBC.com, June 8, 2026
4. CNBC.com, June 9, 2026
5. WSJ.com, June 10, 2026
6. CNBC.com, June 11, 2026
7. CNBC.com, June 12, 2026
8. WSJ.com, June 10, 2026
Source: YCharts.com, June 13, 2026. Weekly performance is measured from Monday, June 8 to Friday, June 12. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.