What’s News in Markets: U.S. Steel Deal, SunRun Sinks, 23andMe Slides

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  Hey, listeners. It's Saturday, June 21st.

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  I'm Francesca Fontana for The Wall Street Journal, and this is What's News in Markets,

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  our look at the biggest stock moves of the week and the news that drove them.

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  Let's get to it.

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  We had a shortened trading week, with Thursday off for the Juneteenth holiday,

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  and the main threads to follow were updates from the Middle East and from the Federal Reserve.

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  Investors were focused on developments in the conflict between Israel and Iran.

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  and how the situation in the Middle East affects volatility and oil prices.

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  Then, Wednesday, the Fed kept interest rates on hold, as expected.

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  Meanwhile, hopes for a quick resolution to the Israel-Iran conflict began to fade.

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  And late Thursday,

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  the White House said that President Trump would make a decision on striking Iran within two weeks.

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  And the major indexes ended the week barely changed.

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  In individual movers, let's start with U.S.

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  Steel, the, you guessed it, American steelmaker,

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  which has finally completed its deal with Japan's Nippon Steel.

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  It's been a long time coming.

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  Nippon Steel's acquisition of the company started back in 2023 when it beat out rivals with a $14.1 billion offer,

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  but was blocked from completing the purchase by Joe Biden,

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  the then president, on national security grounds.

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