Public Markets 3 Hours

Last updated: June 29, 2026, 5:30 PM ET

Public Markets Roundup

U.S. stocks bounced back Monday as investors paused their tech selloff, with a wave of corporate deal activity lifting major indexes. Comcast announced a split as the company navigates industry shifts, while Honeywell Aerospace CEO Jim Currier noted that AI is ready for blueprints but not yet flight-ready cockpits AI works blueprints. Drone maker Aero Vironment reported a significant jump in its fourth-quarter profit, with revenue more than doubling to $641.6 million from $275.1 million a year earlier due to increased product and service sales revenue more than doubles.

In fixed income markets, JPMorgan's private muni-bond accounts swelled to $1.6 trillion, making money managers the largest holders of state and local government debt. Meanwhile, Bank of America Corp. agreed to pay $7.5 million to the Securities and Exchange Commission to resolve allegations that its Merrill Lynch brokerage failed to properly file required suspicious activity reports. Susquehanna Investment Group is pursuing legal action to identify individuals it claims profited by at least $100 million from trading on non-public information regarding a Chinese government crackdown on cross-border activities lost millions to traders.

The yen hit a 40-year low against the dollar, while economists in New Zealand are scaling back expectations for an interest-rate increase next week, citing early signs of peace between the U.S. and Iran that have eased inflation risks rate hike bets dialed. European Central Bank President Christine Lagarde stated that Europe is becoming more resilient to economic shocks, attributing this to a stronger financial framework and progress on the green transition Europe is getting resilient.

In other news, the U.S. Supreme Court's decision on late-arriving mail-in ballots grants relief to 18 states, a ruling that represents a setback for President Trump's efforts to regulate elections late-arriving ballots legal. Separately, the Colorado Supreme Court rejected Democratic redistricting plans, finding that ballot initiatives designed to alter state law for a new gerrymandered map violated existing statutes rejects redistricting plans. The Archdiocese of San Francisco reached a $395 million settlement with sex abuse survivors, resolving approximately 530 claims from individuals who alleged abuse by clergy members survivors reach settlement.

The market also saw reports of Bitcoin ETFs experiencing outflows Bitcoin ETFs see outflows. Efforts to rescue victims from a devastating earthquake in Venezuela are growing more desperate, with the death toll exceeding 1,700, a figure likely to be an undercount rescue efforts grow desperate. Meanwhile, thousands of acres have burned across Utah and other Western states due to wildfires, with reports detailing firefighter fatalities, destruction, and spreading smoke wildfires in Western states. Dangerous heat is forecast across much of the U.S. leading up to the July 4th weekend heat wave engulfs U.S..