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The major averages closed lower as markets gauged the likelihood of a Fed rate hike this year and how much room is left on the AI trade. Markets kicked off the second half of 2026 with a bit of a cautious tone after a powerful second-quarter rally. Semiconductor names such as Micron, SanDisk, Nvidia, and Broadcom slid to start the quarter after their massive year-to-date rallies as investors took some profits and rotated to other areas.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nikereportedbut guided for Q1 revenue to declineBloombergthat Metais building a cloud business to sell access to AI computing, while NPR reported that Meta had explored buying prediction market app KalshiAlcoaSouth32'sbauxite, alumina, and aluminum assets for $4.1BKrogerGiant Eagle for $1.65BQualcommbriefly jumped after thethat SpaceXhas a prototype of a handset-like AI device, though Elon Musk called the report "utterly false," resulting in Qualcomm giving up the gains2. WALL STREET CALLS:GuggenheimSalesforce, ServiceNowand Check Pointto Buy, calling the fatal AI bear case on software a "hallucination"RBCDow Inc.to Sector Perform on falling polyethylene pricesWedbush sees SpaceXas "major hyperscaler,"coverage with an Outperform rating and $190 price targetLockheed Martinto Buy at CitiSimon Propertyto Peer Perform at Wolfe3. AROUND THE WEB:South Korea's antitrust regulator is alleging that Googleabused its dominant position in the Android app marketplace to restrict competition, affecting an estimated 14.16 trillion won in revenue and potentially resulting in corrective measures and financial penalties from the Korea Fair Trade Commission, Reuters saysCMA CGM is close to a deal to buy FedEx'sthird-party logistics business for $1.4B in cash, FT reportsParamount Skydancehas offered remedies to address EU concerns related to its acquisition of Warner Bros, Reuters saysOpenAI engineers earlier this month told some colleagues they had figured out a way to more than halve the cost of inference, The Information reportsMicrosoftintends to announce layoffs soon as it continues efforts to lower costs, Business Insider says4. MOVERS:Evolvincreases afterof its hardware and software subscription agreement with TD GardenDLocalgains in New York after UBSthe stock to Buy from NeutralGrindrhigher after Morgan Stanleythe stock to OverweightOptimumlower after its subsidiarypreliminary results of its tender offerShutterstockfalls after Getty Imageswith the company5. EARNINGS/GUIDANCE:General Millsreported, provided guidance for FY27, and said it is targeting $3B in cost savings by FY30FactSetand backed its guidance for FY26Genius Group, with revenue higher year-over-yearMSC Industrial, with EPS and revenue beating consensusProgress Software, provided guidance for Q3, and raised its outlook for FY26INDEXES:The Dow fell 13.96, or 0.027%, to 52,305.24, the Nasdaq lost 173.69, or 0.66%, to 26,040.03, and the S&P 500 declined 16.13, or 0.22%, to 7,483.23.

The major averages were mixed near noon as investors weigh renewed uncertainty in the Middle East against continued strength in the broader economy. Markets are starting the second half of 2026 with a bit of a cautious tone after a powerful second-quarter rally. Semiconductor names such as Micron, SanDisk, Nvidia, and Broadcom are slipping to start the quarter after their massive rallies year-to-date as investors look to take in some profits following strength in the sector.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nikereportedbut guided for Q1 revenue to declineBloombergthat Metais building a cloud business to sell access to AI computing, while NPR reported that Meta had explored buying prediction market app KalshiAlcoaSouth32'sbauxite, alumina, and aluminum assets for $4.1BKrogerGiant Eagle for $1.65BGeneral Millsreported, provided guidance for FY27, and said it is targeting $3B in cost savings by FY302. WALL STREET CALLS:GuggenheimSalesforce, ServiceNowand Check Pointto Buy, calling the fatal AI bear case on software a "hallucination"RBCDow Inc.to Sector Perform on falling polyethylene pricesWedbush sees SpaceX as "major hyperscaler,"with an Outperform rating and $190 price targetLockheed Martinto Buy at CitiSimon Propertyto Peer Perform at Wolfe3. AROUND THE WEB:South Korea's antitrust regulator is alleging that Googleabused its dominant position in the Android app marketplace to restrict competition, affecting an estimated 14.16 trillion won in revenue and potentially resulting in corrective measures and financial penalties from the Korea Fair Trade Commission, Reuters saysCMA CGM is close to a deal to buy FedEx'sthird-party logistics business for $1.4B in cash, FT reportsParamount Skydancehas offered remedies to address EU concerns related to its acquisition of Warner Bros, Reuters saysOpenAI engineers earlier this month told some colleagues they had figured out a way to more than halve the cost of inference, The Information reportsMicrosoftintends to announce layoffs soon as it continues efforts to lower costs, Business Insider says4. MOVERS:Evolvincreases after announcing aof its hardware and software subscription agreement with TD GardenDLocalgains in New York after UBSthe stock to Buy from NeutralGrindrhigher after Morgan Stanleythe stock to OverweightOptimumlower after its subsidiary announced preliminary results of itsShutterstockfalls after Getty Imageswith the company5. EARNINGS/GUIDANCE:FactSetand backed its guidance for FY26Genius Group, with revenue higher year-over-yearMilestone Scientific, with CEO Eric Hines commenting, "We are highly encouraged by our preliminary second-quarter top-line results"MSC Industrial, with EPS and revenue beating consensusProgress Software, provided guidance for Q3, and raised its outlook for FY26INDEXES:Near midday, the Dow was up 0.59%, or 308.43, to 52,627.63, the Nasdaq was down 0.32%, or 82.93, to 26,130.79, and the S&P 500 was up 0.18%, or 13.86, to 7,513.22.

Reports Q2 gross profit grew 978% to $1.5M. Reports Q2 adjusted EBITDA from operations was $300K vs. ($600K) last year. "We have improved results from $2.7 million in net profit from operations in the first quarter to $4.3 million in net profit from operations in the second quarter. This is a significant turnaround from loss making operations in 2025. We believe the combination of our AI powered education strategy and our recently announced AI Treasury will continue to benefit from the growth in demand for AI education and reskilling. We look forward to increased growth in the second half of 2026," said CEO Roger Hamilton.

Intercontinental Exchange and OKX announce a 50-50 joint venture to bring NYSE tokenized equities and ICE futures to crypto traders, with former New York Governor Andrew Cuomo set to co-chair. Strategy and Strive each disclose fresh bitcoin purchases, while Bitmine Immersion closes in on holding 5% of all circulating ether and Sharplink prices a premium offering to accumulate more. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.INTERCONTINENTAL EXCHANGE OKX VENTURE:Intercontinental Exchangeand crypto exchange OKX announced a 50-50 joint venture to build next-generation infrastructure for tokenized and digitally native financial products, with the venture expected to operate as a U.S. registered broker-dealer and futures commission merchant,. The venture will be co-chaired by Intercontinental Exchange and former New York Governor Andrew Cuomo, and is designed to enable OKX's customers in the U.S. and overseas to access ICE futures and NYSE tokenized equities markets,. The venture follows Intercontinental Exchange's March strategic investment in OKX and is subject to regulatory approvals; Cuomo first began working with OKX in 2023.BITCOIN TREASURY DISCLOSURES:, Strategydisclosed it sold 2,714,839 shares via its ATM during June 15-21 for net proceeds of $335.5M and used those proceeds to acquire 520 bitcoinat an average of $67,068 per coin. Strategy now holds 847,363 bitcoin at an aggregate cost of $64.1B, an average of $75,651 per coin, with a $1.4B reserve earmarked to service preferred dividends and debt interest. $25.4B remains available under its ATM program, with no preferred shares sold during the period., Striverevealed it acquired 759 bitcoin at an average of approximately $65,850 per coin during June 15-21, lifting total holdings to 19,864 bitcoin. The filing also reflects the previously completed acquisition of Semler Scientific, which closed in January, folding its bitcoin holdings into Strive's balance sheet.BITMINE CLOSES ON 5% ETHER TARGET:Bitmine Immersionthat total crypto and cash holdings reached $10.7B as of June 21, with 5,672,956 etheron hand at $1,733 per coin, representing 4.7% of total ether supply. Of that total, 4,718,677 ether valued at $8.2B are staked on its proprietary MAVAN, Made in America Validator Network, platform. Bitmine Immersion added 52,203 ether during the prior week. At 94% of its stated goal of owning 5% of all circulating ether, Bitmine Immersion now operates one of the largest single-entity staking positions globally. That staking concentration means the company's yield income is directly tied to on-chain validation fees and MEV, exposing its revenue line to Ethereum protocol-level decisions in a way that no traditional financial statement framework fully captures yet.SHARPLINK RAISES AT PREMIUM FOR ETHER:Sharplinkpriced a $75M registered direct offering of approximately 10M shares at $7.49 per share, a 41% premium to its June 18 closing price of $5.29, with proceeds designated for additional ether accumulation, stock repurchases, and general corporate purposes,. Closing is expected June 23. A direct offering priced at a 41% premium, rather than a discount, implies institutional demand for ether-proxy equity at a level that commands a substantial spread over spot.MINING AND CORPORATE ACTIONS:, Olenoxrevealed an agreement to acquire 100% of CS Digital Ventures, a digital infrastructure and bitcoin mining company operating energy-intensive data centers, for total consideration of up to $50M, comprising $14M in newly issued Series E Convertible Preferred Stock, a $16M unsecured promissory note, warrants for 1.5M shares in three tranches at $5.00, $7.00, and $9.00 per share, and up to $20M in earnout preferred stock tied to post-closing revenue and EBITDA milestones. BitFuFuseparately announced its board approved a $5M share repurchase program for Class A ordinary shares over 24 months commencing June 24, funded from existing cash,. Genius Groupcompleted the second and largest tranche of its 13.2M share buyback mandate, repurchasing 6,037,851 Class A shares in an off-market transaction; combined with a separate 20M share cancellation from an asset purchase agreement, total shares removed from Genius Group's issued capital over eight days reached 32.6M,.INSTITUTIONAL DEFI AND PARTNERSHIPS:Hyperion DeFiannounced a partnership with Blockdaemon, which secures over $110B in digital assets for more than 400 institutions, to operate the Kinetiq X Hyperion Validator and expand institutional staking and DeFi services on the Hyperliquidnetwork,., Lion Grouprevealed entry into an agreement with Meili Capital Management to participate in the acquisition of a 10% equity interest in PT Nusantara Bumi Sangkara for $12M, with consideration payable in cash, Lion Group shares, or shares of a designated affiliate.PRICE ACTION:As of time of writing, bitcoinwas trading at $65,037.01, while etherwas trading at $1,753.17, according to.