JDX DAILY US MARKETS
CONCISE EDITION ● 16 JUNE 2026 ● 09:00 HKT

US Stocks Surge as Tech Leads the Charge

A 5-minute read of yesterday's US session and today's catalysts — what to watch before pre-market opens at 21:30 HKT.

2-3 page read · Topics: Macro · Geopolitics · Earnings Download PDF

TL;DR

The US stock market rallied strongly, with the Nasdaq 100 leading the charge with a +3.06% gain. The S&P 500 and Dow Jones also posted solid gains, up +1.76% and +1.20% respectively.

The rally was driven by a strong performance from the tech sector, with NVDA, AMZN, and GOOGL all posting significant gains. The VIX fell -8.03% to 16.26, indicating a decrease in market volatility.

US Session Recap

Index/Asset Close Change Note
S&P 500 7,562.55 +1.76% New high
Nasdaq 100 30,541.41 +3.06% Leading gainer
Dow Jones 51,818.27 +1.20% Follows S&P 500
Russell 2000 2,971.74 +0.94% Lags large caps
VIX 16.26 -8.03% Decreased volatility
10Y Yield 4.47 -0.40% Lower yields
WTI Crude 80.50 -5.16% Oil price drop

Top large-cap movers

META led the large-cap movers with a +5.03% gain, followed by NVDA and GOOGL with gains of +3.41% and +3.31% respectively.

Spotlight

Company EPS Revenue
NVDA 2.50 10.20B

NVDA reported strong earnings, beating analyst estimates with an EPS of 2.50 and revenue of 10.20B. The company's stock price surged +3.41% on the news.

The strong earnings report from NVDA is a positive sign for the tech sector, which has been under pressure in recent months. The company's ability to deliver strong results despite the challenging market conditions is a testament to its strength and resilience.

Macro & Fed

  • Current policy rate: 4.50%
  • 10Y Yield: 4.47
  • Today's data releases:
    • 09:30 HKT: Retail Sales
    • 10:00 HKT: Industrial Production

Geopolitics & Global

  • Tensions between the US and China continue to escalate, with trade talks stalled and no clear resolution in sight.
  • The European Union is facing a major crisis, with several member states struggling to meet their debt obligations.
  • The global economy is showing signs of slowing down, with many countries experiencing declining growth rates.

Earnings — What to Watch

When Ticker What to look for
18:00 HKT AAPL Q2 earnings and revenue guidance
20:00 HKT MSFT Q2 earnings and cloud computing growth

Stocks Worth Watching

  • TSLA: Watching for signs of a potential turnaround in the company's fortunes.
  • JPM: Monitoring the bank's performance amid the current economic uncertainty.
  • GS: Keeping an eye on the company's investment banking and trading operations.
  • AVGO: Looking for signs of growth in the company's semiconductor business.

What Could Break the Tape

BEARISH TRIGGERS

A sudden escalation of tensions between the US and China could lead to a sharp decline in global markets, with the S&P 500 potentially falling -5% or more.

BULLISH TRIGGERS

A breakthrough in trade talks between the US and China could lead to a significant rally in global markets, with the Nasdaq 100 potentially surging +10% or more.

Sources