Market Issues Including Verizon's Dow Removal and Monday Rally After Iran Strikes

기타 | Tue Jun 30 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 5 sources

Verizon was removed from the Dow Jones index and announced a joint venture with BT Group, while a Monday stock market rebound pattern emerged following Trump's strikes on Iran.

Analysis

[Verizon Communications] removed from Dow Jones index with shares plunging 5.3% ^[5]

Alphabet replaced Verizon in the Dow
Trading volume surged 93% above average
Announced international business joint venture with BT Group
Short-term restructuring costs estimated at $700M-$800M

[US Stock Market] S&P 500 and Nasdaq rose together ^[5]

S&P 500 rose 1.16% to close at 7
439
Nasdaq Composite gained 2.07% to reach 25
820
Telecom stocks showed weakness
AT&T fell 4.09%
T-Mobile dropped 4.77%

[Trump Administration's Iran Strikes] Monday stock market rally pattern emerged after weekend strikes ^[1]

So-called 'Axios put' phenomenon emerged
Q2 Monday average gains higher than recent years
Market strength continued despite geopolitical risks

[H&M] closed 136 stores and discontinued one brand ^[3]

79-year-old fashion retailer
Accelerating offline store restructuring
Terminated one of its sub-brands

[Praxis Precision Medicines] FDA extended relutrigine review period by 3 months ^[4]

Treatment targeting SCN2A and SCN8A developmental and epileptic encephalopathies
New review end date moved to December 27
Extension due to submission of additional sensitivity analysis data

[Bridge Football Group] acquired Swiss prestigious club Grasshopper Club Zurich ^[2]

Acquired from LA-based ownership group
Iconic traditional club of Swiss football
Continued global sports asset M&A trend

Market Issues Including Verizon's Dow Removal and Monday Rally After Iran Strikes

Analysis

Sources