• Trump Urges Israel to Halt Bombing Iran
• ARK Invest Dumps Over $100 Million in Circle Stock
• Jensen Huang Starts Selling Nvidia: $14.5 Million Liquidated in 2 Days

I. Market Report

Stock futures rose early Tuesday after President Donald Trump said that a ceasefire between Israel and Iran had come into effect, marking the latest sign of easing tensions in the Middle East.

As of 03:15 PM Riyadh Time, futures tied to the Dow Jones Industrial Average added 266 points, or 0.62%. S&P 500 futures gained 0.71%, while Nasdaq 100 futures rose 0.97%.

As of 03:15 PM Riyadh Time, top pre-market movements are as follows:

II. Flash Headlines

Trump Urges Israel to Halt Bombing Iran

President Trump has called on Israel to cease bombing Iran, stating that it would "severely violate" a fragile ceasefire agreement he had announced just hours earlier between the two nations. In a post on Truth, Trump addressed Israel saying, "Do not drop those bombs. If you do, this is a major violation. Bring your pilots home, immediately!"

Oil Price Plunge May Lead to Rate Cuts

Easing Middle East tensions cause US crude oil prices to fall 5.1% to US$65.02/barrel. Market risk premium fades, fundamentals dominate price trend. Lower oil prices may increase likelihood of July rate cut by the Fed. 

Trump Calls for 2-3 Percentage Point Rate Cut

President Donald Trump stated on Tuesday that US interest rates should be lowered by at least 2 to 3 percentage points before Federal Reserve Chairman Jerome Powell testifies before Congress. Trump made the remarks on his social media platform, Truth Social, saying that Powell "is going to Congress today to explain why he won’t lower interest rates," and added his own opinion on the matter.

Goolsbee: May Resume Rate Cuts if Tariff Impact Limited

Chicago Fed President Austan Goolsbee says the Fed may resume cutting interest rates if tariff impact on inflation remains limited. No specific timeline given. Fed left rates unchanged last week, awaiting impact of Trump policies. Strike on Iran adds to global uncertainty. Tariff costs are shared among suppliers, producers, and consumers. 

Gold Drops After Trump Ceasefire

Gold falls 0.66% to US$3,346.82/ounce as safe-haven demand cools after Trump announces ceasefire between Israel and Iran.

III. Stocks To Watch

ARK Invest Dumps Over $100 Million in Circle Stock Again

On Monday, Cathie Wood's Ark Investment Management conducted major transactions involving stocks such as Circle(CRCL.US)  Internet Group, Robinhood(HOOD.US), and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR(TSM.US) . This included the sale of over $100 million worth of Circle shares, continuing the trend of reducing holdings in the popular stock that has surged sixfold in just over ten days since its listing.

Jensen Huang Starts Selling Nvidia: $14.5 Million Liquidated in 2 Days

On Monday evening, Eastern Time, a filing with the U.S. Securities and Exchange Commission (SEC) revealed that NVIDIA Corporation(NVDA.US) 's CEO, Jensen Huang, has initiated the first round of selling NVIDIA shares. The documents indicate that Huang sold a total of 100,000 NVIDIA shares across two trading days, June 20th and 23rd, amounting to nearly $14.5 million in total.

Hims Slams Novo Nordisk's Anticompetitive Demands

Hims & Hers Health(HIMS.US)  CEO Andrew Dudum accuses Novo Nordisk of anticompetitive pressure, ending partnership abruptly. HIMS stock fell 34.63% on Monday after Novo Nordisk cited alleged violations.

Tesla Robotaxi Faces Technical Glitches on First Day of Trial Run

On June 22nd, Eastern Time, Tesla Motors, Inc.(TSLA.US) 's much-anticipated Robotaxi finally made its US debut in Austin, Texas. This debut propelled Tesla's stock to surge over 8% on Monday. However, online viewers noticed that some of the Robotaxi's driving performance seemed less than perfect: some Robotaxis exhibited brief instances of driving in reverse, and others abruptly slowed down when they encountered police cars parked outside their driving path.

Novo Nordisk Officially Launches Weight Loss Drug Wegovy in India

On Tuesday, Danish pharmaceutical giant Novo Nordisk A/S Sponsored ADR Class B(NVO.US)  officially launched its significant weight loss drug Wegovy in India. The medication is administered once a week. Vikrant Shrotriya, General Manager of Novo Nordisk India, stated that the drug is currently being distributed and will be available at pharmacies by the end of the month. Wegovy will be introduced in India with dosages of 0.25 mg, 0.5 mg, 1 mg, 1.7 mg, and 2.4 mg.

Circle's Stock Market Value Surpasses USDC Circulation After Monday's Close

It is reported that after Monday's closing bell, the market value of Circle(CRCL.US) , the issuer of the stablecoin USDC, reached $6.389 billion, surpassing the USDC's issuance amount, which is approximately $6.168 billion. Circle's stock price approached $300 during Monday's trading session, and closed at $263.45.

Starbucks Clarifies No Plans to Sell Off China Business

Starbucks Corporation(SBUX.US) , the U.S. coffee chain giant, has stated that it is not currently considering a full sale of its business in China. This comes after reports suggested that the company was contemplating the sale of its operations in China, although no sources were disclosed.

IV. Calendar

Day's Notable Event(s):