Swingfolio Daily — US Markets
US briefings — Wednesday, June 17, 2026
Pre-market setup and closing-bell recap for Wednesday, June 17, 2026. Observations only — no trade advice.
Wednesday, June 17, 2026
US pre-market: stocks steady before Warsh's first Fed decision, chips weigh on Nasdaq
US stock futures are slightly higher before the open as the market waits on the Federal Reserve's June 17 rate decision, the first chaired by Kevin Warsh. A hold is almost fully priced, so focus falls on the updated projections and his debut press conference. The Dow closed at a record while the Nasdaq fell on a semiconductor selloff, and oil's slide on US-Iran progress is easing inflation fears.
S&P 500 Falls 1.2% After Warsh's First Fed Meeting Points to a 2026 Rate Hike
The Federal Reserve held rates at 3.50% to 3.75% at Kevin Warsh's first meeting, but new projections pointing to a 2026 hike instead of cuts sent US stocks lower. The S&P 500 fell 1.21% to 7,420.10, the Nasdaq lost 1.34%, Treasury yields rose, the dollar gained, and the VIX jumped 12%. CarMax slid on margin pressure despite beating estimates, and Moderna rose ahead of an FDA flu-vaccine vote.