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Here's a quick overview of the main events of the day:

  • US Stocks closed Q2 as the best quarter since 2020.

  • The S&P 500 rose 14.9 percent for the second quarter, reaching a record level.

  • Nike surprised Wall Street with its earnings, but revenue again declined slightly.

  • AeroVironment doubled its revenue thanks to acquisitions in the drone industry.

  • SpaceX will be included in the Nasdaq-100 index on July 7th.

  • WTI Crude Oil closed the quarter at $69.50 per barrel.

  • USMCA has entered a six-year review period, with US-Canada trade relations in tension.

Foreign Investments

At the turn of the half-year, the results of companies are driving capital markets, significantly changing the landscape of the industry. The manufacturer of military drones, AeroVironment, announced record results for the fiscal fourth quarter on Monday, with revenue of $641.6 million, which is 133 percent more than in the same period last year, according to a company press release. The key to this massive year-over-year growth was two acquisitions: the cybersecurity and laser company BlueHalo and the aerospace company Empirical Systems Aerospace, which together added $282 million to quarterly revenue. The total volume of orders reached $2.7 billion for the fiscal year, with a book-to-bill ratio of 1.4, and the backlog stood at $1.2 billion. AeroVironment's shares rose by more than 20 percent during the session, and CEO Wahid Nawabi stated in a CNBC broadcast that military conflicts in Iran and Ukraine are significantly accelerating the adoption of drone technology.

A different story comes from the world's leading sportswear company, Nike, which on the same day announced its fiscal year 2026 results. Revenue for the entire year reached $46.4 billion, but in the Chinese market, it declined year-over-year by 12 percent, according to a direct company announcement. Despite this, the company significantly exceeded analysts' expectations with earnings of $0.72 per share, compared to the consensus estimate of $0.13, thanks to a refund of duties of over $986 million. For the fiscal year, Nike returned $2.5 billion to shareholders, of which $2.4 billion was in dividends. The shares fell by approximately 2.7 percent after the market close.

The week ends with news from the world of indices: SpaceX will be included in the prestigious Nasdaq-100 before the market opens on July 7th, just 25 days after its IPO, Reuters reported. Analysts at J.P. Morgan estimate that the inclusion will bring passive purchases of SpaceX shares from index funds and ETFs totaling approximately $4.3 billion. Funds tracking the Nasdaq-100, especially Invesco through its QQQ and QQQM products, which manage over $800 billion, will be required to make these purchases. However, analysts at Morningstar warn that SpaceX shares are overvalued.

Significant Events with Global Impact

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U.S. stock indexes closed the second quarter of 2026 with the strongest quarterly performance since the post-pandemic rebound in 2020, Reuters reported. The S&P 500 index gained 14.9 percent for the quarter and closed on Tuesday at a record high of 7,499 points. The Nasdaq Composite, which tracks technology stocks, rose by 21.4 percent, while the Dow Jones index increased by 12 percent to a record closing value of 52,319 points. Chip companies were among the top performers, with Nvidia rising by 2.6 percent, AMD by 7.7 percent, and Intel by 6 percent. The oil market, on the other hand, cooled down: the price of U.S. WTI crude stabilized around $69.50 per barrel at the end of the quarter, and Brent crude from the North Sea closed near $72.90 — both values are approximately at pre-war levels from the end of February, partly due to progress in U.S.-Iranian negotiations.

With the start of July, a six-year review of the North American trade agreement USMCA, the successor to NAFTA, also begins. The review opens the door for renegotiation of tariffs and rules of origin, with the U.S. administration indicating an interest in reevaluating a number of exemptions for Canada and Mexico. The volume of trade between the three countries exceeds one trillion dollars annually, and economists warn that disrupting the agreement would increase the risk of inflation throughout the North American region.

gnews.cz - GH

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