Finance
Mason on finance and markets · June 16th
storyflo · finance and markets
Jun 16, 2026 · 2 min listen
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Mason on finance and markets · June 16th
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UK and Germany are pushing mandatory digital IDs for online platforms, saying it’s to protect children from harmful content.
The same moves are spreading to Australia, Canada, France, Denmark and Spain
7,554 – the S&P 500 closed above the 7,417 level and topped the 7,530 target we flagged. That puts the index in a clear bullish zone; if it holds above 7,417 tomorrow, the next watch point is 7,530 before we start eyeing the 7,560 ceiling.
The Magnificent Seven all jumped, with Microsoft up 2.3%, Google 2.5%, Meta 4.8% and Amazon 3.1%. Those moves line up with the high‑probability setups we highlighted, so the sector’s momentum looks solid for the next few days.
SpaceX (SPCX) finished at 192, clearing the 189 extension we projected. The next resistance sits near 200, while 175 remains a strong support if the price pulls back.
Bottom line: keep an eye on the 7,530 level for the S&P, and the 175‑200 band for SpaceX. If the indices stay above those thresholds, the upside bias stays intact.
A deal to reopen the Strait of Hormuz spurred a rally in riskier corners of Wall Street, with stocks climbing alongside cryptocurrencies as oil sank on hopes the war that has jolted markets is close to an end.
UBS Head of Taxable Fixed Income Strategy Leslie Falconio says pressure on the Fed to hike rates is easing now that the US and Iran have reached a deal to reopen the Strait of Hormuz. She has now pushed out her call for a rate cut in 2027. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
A Bell store in Montreal, Quebec, Canada, on Thursday, May 8, 2025. BCE Inc. cut its dividend for the first time in 17 years and unveiled a deal with a Canadian pension fund to help finance growth in Ziply, the US broadband provider its trying to acquire.
Exxon Mobil Corp. oil drilling rigs near Stanton, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch.
Jeff Simmons, Elanco Animal Health President & CEO, discusses the emerging threat of screwworm infections spreading beyond the initial control zone in Texas, with at least 12 confirmed cases including eight heads of cattle. Simmons reassured viewers that while the pest is expected to spread, it can be managed effectively through current interventions such as the release of sterile flies to reduce the screwworm population. He speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
John Rogers, Ariel Investments founder, chair, CIO and co-CEO, says MSG stocks have not reflected the value of the Knicks or the Rangers during an interview with Romaine Bostick and Katie Greifeld on "Bloomberg The Close." (Source: Bloomberg)
The Ministry of Finance building in La Paz, Bolivia, on Wednesday, Nov. 12, 2025. The promise of change is spurring cautious optimism among Bolivians who voted for the pro-business Paz in this year’s elections, rejecting the Movement Toward Socialism (MAS) party that has dominated politics since former President Evo Morales took office in 2006 promising to lift up the poor.
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