2026-06-20
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Take your team from AI novice to AI native.
It was a short week for markets due to the Juneteenth holiday, but there was no shortage of market moving headlines.
Investors cheered the strongest sign yet that the U.S.
And Iran are moving closer to a lasting peace deal.
They also got a reality check from the new chair of the Federal Reserve,
who made it clear that he wants a less predictable and less talkative central bank.
And in the background, the AI-fueled rally that has powered markets for much of this year showed no sign of slowing.
Overall, markets ended higher.
The tech-heavy Nasdaq led the way, gaining nearly 2.5% for the week.
The S&P 500 added 0.9%, while the Dow rose 0.7%.
The peace deal between the U.S.
And Iran means that the Strait of Hormuz, a crucial global highway for oil, will be coming back online.
But that's not necessarily good news for oil stocks.
The International Energy Agency warned that oil production could eventually outpace demand growth
if the peace deal holds, raising the possibility of an oil glut next year.
That would mean lower prices and potentially lower profit for oil companies.
Energy was the worst performing sector in the S&P 500 this week, sliding almost 7% as investors
unwound bets tied to conflict in the Middle East and began pricing in a potential surge in supply.
Brunch crude futures finished the week about 9% lower at around $79 a barrel,