11:42 AM EDT, 06/16/2026 (MT Newswires) -- The Dow Jones Industrial Average was up, while the S&P 500 Index and Nasdaq Composite were down in late-morning trading Tuesday, as oil prices continued to fall following the announcement of a peace deal between the US and Iran.

In company news, SpaceX (SPCX) shares continued to climb on Tuesday after debuting last Friday, boosting the company's market cap above Amazon's ( AMZN ) and, briefly, Microsoft's ( MSFT ) . Separately, SpaceX said Tuesday in a regulatory filing that it has signed an agreement to acquire Cursor in a deal with an implied equity value of $60 billion. SpaceX expects the deal to become effective in Q3, subject to the satisfaction of closing conditions and regulatory approvals. SpaceX shares were up 11.1%, while Amazon ( AMZN ) was up 1.0% and Microsoft ( MSFT ) was down 1.6%.

Yum! Brands ( YUM ) said Tuesday it has signed agreements to sell Pizza Hut for a combined $2.7 billion through two separate transactions. Private equity firm LongRange Capital will acquire the Pizza Hut business not located in Mainland China for $1.5 billion. Yum China ( YUMC ) will acquire the Mainland China business for $1.2 billion. Yum! shares were up 2.4%, while Yum China ( YUMC ) shares were down 0.8%.

Olin (OLN) and Huntsman (HUN) agreed to an all-stock merger of equals that will form OlinHuntsman, a chemicals company with combined 2025 revenue of about $12.5 billion, the companies said. under the deal terms, Huntsman shareholders will receive 0.5476 Olin shares for each Huntsman share, with Olin shareholders expected to own 54.5% of the combined company. Olin shares were down 8.5%, while Huntsman shares were down 19.3%.

Netflix ( NFLX ) is one of several media companies interested in acquiring Lionsgate Studios (LION), Semafor reported Tuesday, citing a person familiar with the matter. Neither Netflix ( NFLX ) nor the other companies have put in a formal indication of interest, the report said, citing the person. Netflix ( NFLX ) shares were down 2.8%.

Price: 213.76, Change: +21.26, Percent Change: +11.04