financetom
Market
financetom
/
Market
/
Top Midday Stories: US, Iran Seal Memorandum to Reopen Hormuz; Intel Gains After Trump Cites Apple Chip Partnership
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top Midday Stories: US, Iran Seal Memorandum to Reopen Hormuz; Intel Gains After Trump Cites Apple Chip Partnership
Jun 18, 2026 9:16 AM

11:55 AM EDT, 06/18/2026 (MT Newswires) -- All three major US stock indexes rose in midday trading Thursday as investors assessed the signing of the peace deal between the US and Iran and the potential for an interest-rate increase by the end of 2026 after the Federal Reserve's meeting.

President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding aiming to reopen the Strait of Hormuz, lift the US blockade of Iranian ports, and pursue a permanent peace deal to end the war. Amid criticism that Iran got the better end of the deal, Trump said in a post on Truth Social that people who thought he was not tough enough were "either jealous, bad people, or stupid."

Intel ( INTC ) shares rose 8% after Trump said Apple ( AAPL ) has "agreed to work with Intel ( INTC ) to design and build its Chips in America." In a Truth Social post, Trump cited Nvidia ( NVDA ) and Tesla's (TSLA) partnerships with Intel ( INTC ) as examples of his success in bringing manufacturing back to the US.

Apple's ( AAPL ) deal with Intel ( INTC ) to design and build chips in the US may strengthen the iPhone maker's efforts to diversify its supply chain and secure domestic semiconductor capacity ahead of a multiyear AI-driven device cycle, Wedbush Securities said. Apple ( AAPL ) shares were little changed.

Accenture ( ACN ) reported fiscal Q3 earnings of $3.80 per diluted share, up from $3.49 a year earlier and above the FactSet consensus analyst estimate of $3.69. Revenue rose to $18.7 billion from $17.7 billion, trailing the consensus of $18.8 billion. Full-year revenue is anticipated to increase by 3% to 4% in local currency for fiscal 2026, reflecting a lower top end versus the previous guidance for a 5% rise.

Accenture ( ACN ) also agreed to acquire a majority stake in Dragos and full ownership of runZero and NetRise in a deal with a combined enterprise value of about $4.18 billion. Accenture ( ACN ) said the acquisitions significantly expand its position in the broader operational technology cybersecurity market. Accenture ( ACN ) shares slumped 17%.

Kroger ( KR ) reported fiscal Q1 adjusted earnings of $1.58 per diluted share, up from $1.49 a year earlier and narrowly missing the FactSet consensus of $1.59. Sales rose to $46.12 billion from $45.12 billion, trailing the consensus of $45.59 billion. Kroger ( KR ) shares fell 5.8%.

Pfizer ( PFE ) said Chief Financial Officer Dave Denton will step down on Aug. 15 after accepting a position in the consumer-goods sector. The company named Cecile Guegan, currently senior vice president of finance for its global biopharmaceutical business, as interim CFO while it conducts a search for a permanent successor. Pfizer ( PFE ) shares fell 3.2%.

Price: 130.76, Change: +9.66, Percent Change: +7.98

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Eco-Growth Strategies, Inc. Engages Maxim Group LLC to assist with its Growth Strategy and Up-List to Nasdaq
Eco-Growth Strategies, Inc. Engages Maxim Group LLC to assist with its Growth Strategy and Up-List to Nasdaq
Nov 17, 2025
HONOLULU, Nov. 17, 2025 /PRNewswire/ -- Eco-Growth Strategies, Inc. ( ECGS ) , a premier bottler of Hawaiian sourced purified and spring water, is excited to announce that it is pursuing a strategy to become listed on the Nasdaq Stock Market, a move the Company hopes will enhance visibility and accelerate its growth trajectory. The timing of any Nasdaq up-list process will be dependent...
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Monday as Markets Await Nvidia Earnings, Data Releases
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Monday as Markets Await Nvidia Earnings, Data Releases
Nov 17, 2025
08:28 AM EST, 11/17/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down marginally by 0.04% and the actively traded Invesco QQQ Trust (QQQ) was 0.01% higher in Monday's premarket activity as markets traded mixed amid anticipation of Nvidia's (NVDA) earnings and the release of delayed government economic data. US stock...
Upcoming Jobs Report, Nvidia Earnings Drive Muted Premarket Action for US Equity Futures
Upcoming Jobs Report, Nvidia Earnings Drive Muted Premarket Action for US Equity Futures
Nov 17, 2025
08:21 AM EST, 11/17/2025 (MT Newswires) -- US equity futures were little changed pre-bell Monday as traders looked ahead to the long-awaited release of September's jobs report and Nvidia ( NVDA ) earnings later in the week. Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.2% higher. Oil prices were higher,...
Top 2 Health Care Stocks That May Fall Off A Cliff This Month
Top 2 Health Care Stocks That May Fall Off A Cliff This Month
Nov 17, 2025
As of Nov. 17, 2025, two stocks in the health care sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved