Market Summary - June 12, 2026

On the final trading session of the week, Wall Street experienced a notable rise, buoyed by a decline in oil prices, strong performances in semiconductor stocks, and a successful market debut by SpaceX, which surged over 28% since its listing. The positive momentum was further supported by encouraging macroeconomic data from the U.S., including a stronger-than-expected consumer sentiment report and a surprising drop in inflation expectations.

Key Market Movements

• The Dow Jones Industrial Average increased by nearly 0.7%.
• The Nasdaq 100 saw a gain of 0.2%, with semiconductor stocks leading the charge.
• European markets also performed well, with the Euro Stoxx 50 rising more than 2.1% and Germany’s DAX gaining 1.7%.

Sector Highlights

In the luxury goods sector, shares of companies like Hermès and Kering advanced, alongside significant gains from major European banks, following the latest inflation readings that indicated higher price growth. In the U.S., semiconductor giants such as Intel, AMD, SanDisk, and Arm reported strong gains, reflecting the ongoing dominance of AI infrastructure themes.

Consumer Sentiment Insights

The preliminary University of Michigan Consumer Sentiment Index registered at 48.9 points, surpassing expectations of 46.0 and improving from the previous month’s reading of 44.8. This 9% increase was largely attributed to lower gasoline prices at the start of the month. The rise in sentiment was widespread across various demographics, with lower-income consumers showing particularly strong improvements due to the significant impact of fuel costs on their budgets.

Despite this rebound, consumer sentiment remains weak, standing 13% below January 2026 levels and 19% lower than a year ago. Concerns about everyday living costs and inflationary pressures persist, with one-year inflation expectations slightly declining from 4.8% in May to 4.6%. Long-term inflation expectations also fell from 3.9% to 3.4%, yet they remain above the 2.8%–3.2% range observed throughout 2024.

Oil Market Dynamics

Oil prices are currently trading near USD 87 per barrel, having slid significantly and approaching a key technical level at the 200-day moving average. This decline was accelerated by reports indicating that former President Donald Trump had canceled a planned strike on Iran, coupled with news that negotiations for a potential agreement with Iran are nearing completion, as tentatively confirmed by Iranian officials. However, the geopolitical situation remains fluid.

Other Market Movements

In the commodities market, precious metals are experiencing a rebound, with gold rising 0.5% to USD 4,230 and silver gaining over 1%. Bitcoin is trading around USD 63,500 after retracting some earlier gains. Notably, cocoa prices have increased by more than 2%, while U.S. Henry Hub natural gas futures are up nearly 1%.