Stocks shrugged off this week’s hawkish Fed scare and rallied today after the US and Iran signed a peace deal, with Marvell turning into the index’s biggest standout and Intel catching a surprise lift from a presidential social media post.
Oil tumbled, and small caps outran the big names, because apparently that’s just how Thursdays go now. Here’s everything that moved and why it actually matters for your watchlist.

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Markets
Under the hood, breadth told its own story: advancers beat decliners nearly 9 to 5 on the NYSE and roughly 3 to 2 on the Nasdaq, a sign the rally had real legs and wasn't just a few mega-caps doing the work. AI infrastructure names did plenty of the lifting too, with Teradyne, Sandisk, and Corning all posting solid gains on data center demand, while steelmaker Steel Dynamics tumbled after triggering a profit-taking sell signal following its big breakout run.
Banks didn't fully join the party: JPMorgan slipped after Fed Chair Kevin Warsh's hawkish tone on his first policy meeting sent the two-year Treasury yield climbing past 4.1%. Transports outperformed too, riding cheaper oil to a session high.
DJIA [+0.14%]
S&P 500 [+1.09%]
Nasdaq [+1.91%]
Russell 2000 [+1.78%]

Market-Moving News
Autonomous Vehicles
Google's Self-Driving Cars Keep Driving Into Things They Should Avoid

Alphabet Inc.'s (NASDAQ: GOOGL) self-driving unit, Waymo, is recalling nearly 3,900 robotaxis because the vehicles drove into closed freeway construction zones with active work underway. This is the second recall in just over five weeks. The previous one was for driving into flooded roads at high speeds.
A self-driving car that cannot recognize a closed highway is a problem. A pattern of recalls that keeps growing is much bigger.
The List Keeps Getting Longer
Construction zones. Flooded roads. Stopped school buses. Towed vehicles. Poles. Each recall addresses a different scenario in which Waymo's vehicles failed to respond as a human driver would. The company now has multiple recalls stacked across the last two years covering basic driving situations.
You expect a robotaxi to handle unusual road conditions. That is literally the entire point. Every recall that says it could not chip away at the core promise.
Alphabet Cannot Afford a Safety Crisis
Waymo is one of Alphabet's most ambitious long-term bets. The technology works well enough to operate commercially in multiple cities. But every recall, every investigation, and every incident involving a child or a school bus makes the regulatory path harder and public trust more fragile.
You build trust in autonomous vehicles one safe mile at a time and lose it in a single headline. Waymo is generating too many of the wrong kind.

Industrial
Xometry Is Turning Custom Manufacturing Into a One-Click Business

Xometry (NASDAQ: XMTR) is rolling out new injection molding features that make its manufacturing marketplace faster, broader, and harder to replace.
Xometry’s play is to make custom manufacturing behave more like modern software. Instead of slow supplier searches, manual quotes, repeated file uploads, and expensive design mistakes, the company is building a platform where buyers can price, review, order, and repeat production with less friction.
Design Mistakes Get Caught Earlier
New manufacturability consultations give customers expert feedback before tooling begins. That matters because once a mold is built, every mistake becomes more expensive to fix.
For customers, your first production decision now has more support for Xometry, which turns the platform from a place to get prices into a place where manufacturers can avoid delays before they happen.
Repeat Orders Become a Moat
One-click reordering carries forward files, specifications, and supplier routing from earlier jobs. That makes repeat production easier and keeps customers inside Xometry’s system after the first order.
Xometry is building stickiness into the manufacturing process itself. Once a company stores its parts, specs, and supplier history on the platform, you have a business that can become part of daily industrial purchasing, not just a place to check prices.

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Retail
Target Is Bringing Gen Z Style Deeper Into Its Stores

Target (NYSE: TGT) is partnering with Hollister on a new back-to-college collection that brings apparel, bedding, and dorm decor into Target stores and online starting June 28. The launch gives Target a youth-focused brand collaboration tied directly to one of retail’s biggest seasonal spending windows.
Dorm Rooms Become the Doorway
Target already has a strong home and dorm business, but Hollister adds a style-driven name that can pull younger shoppers into the category. Bedding, blankets, decor, and apparel give the retailer more opportunities to turn a single college shopping trip into a fuller basket.
Walk into back-to-college season, and you can see Target’s play right away: make the dorm room feel like a fashion moment. That gives the company a sharper way to compete for students and parents before the fall rush peaks.
Seasonal Retail Gets a Bigger Push
The collection is expected to continue beyond the first launch, with future drops planned around fall, holiday, and spring shopping moments. That gives Target more than a short summer campaign.
If the partnership lands, you have Target turning back-to-college into a repeatable growth channel, one that blends home goods, apparel, youth culture, and seasonal traffic at a time when retailers need stronger reasons to bring shoppers back.

Top Winners and Losers
FreeCast [CAST] $8.02 (+55.71%)
FreeCast, a streaming aggregator most people have never heard of, struck a deal to resell Starlink Business service into housing, hospitality, and rural markets, layering onto last week’s DIRECTV tie-up.
The company is still burning cash and has flagged a going-concern risk in its own filings, so treat this as a hot partnership streak, not a balance-sheet story.
Butterfly Network [BFLY] $8.84 (+54.73%)
Butterfly Network landed an unlikely co-star today: Midjourney, the AI image company, unveiled a full-body scanner built on Butterfly’s licensed ultrasound chip technology, with up to $74 million riding on the partnership.
The stock hit a four-year high. The future of medical imaging, apparently, runs through a probe nobody outside cardiology had heard of two years ago.
Bimergen Energy [BESS] $5.86 (+38.74%)
Bimergen Energy, a microcap battery storage developer, doesn’t have a fresh headline behind today’s pop, just continued momentum from its growing grid-storage pipeline and a Strong Buy rating from ThinkEquity.
When a stock like this runs without news, it’s usually because the float is thin and somebody decided today was the day.

NovoCure [NVCR] $14.28 (-20.00%)
NovoCure’s Phase 3 TRIDENT trial for its glioblastoma device missed its primary survival endpoint, and the market didn’t wait around for nuance.
The therapy still showed activity on secondary measures, but secondary measures don’t pay the bills when the headline number misses. A rough day for a stock that had quietly been building momentum all year.
Dreamland [TDIC] $6.13 (-21.31%)
Dreamland, the Hong Kong event-management microcap that exploded this week on an AI image platform deal and a reverse split, is handing back a chunk of that spike.
Shares went from under a dollar to north of fifteen and back in a matter of days. Call it the hangover after the supernova.
Accenture [ACN] $127.98 (-17.97%)
Accenture trimmed the top end of its annual revenue growth forecast, telling investors that corporate clients remain cautious about big discretionary consulting spending, even with AI projects everywhere.
The company also picked up a majority stake in cybersecurity firm Dragos, which got completely buried under the guidance headline. Wall Street wanted growth today, not a shopping spree.

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Everything Else
💼 Shareholder-friendly stocks are drawing closer attention, as investors hunt for durable companies that can keep paying through market turbulence.
🚀 Bankers are preparing a potential $20 billion bond offering for SpaceX, extending the company’s push into debt markets after its blockbuster IPO.
📈 Wall Street jumped 1% as optimism over a U.S.-Iran peace deal lifted investor sentiment and fueled a broad rally across major indexes.
🚗 Sweden may oppose supervised self-driving technology from Tesla across Europe over concerns that the system encourages speeding.
🤖 Amazon is exploring sales of its custom AI chips to outside customers, taking direct aim at Nvidia in the fast-growing AI infrastructure market.
💰 California is betting on a surge in IPO tax revenue, but market volatility, delayed listings, and changing valuations are making that forecast far less certain.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!
Thanks for reading. I'll see you at the next open!
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— Adam G.
Elite Trade Club
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