| 📊 Alain’s Holdings — June 26, 2026 | ||||
|---|---|---|---|---|
| Symbol | Name | Price | Change | Change % |
| VOO | Vanguard S&P 500 ETF | 670.26 | -5.92 | -0.88% |
| QQQ | Invesco QQQ Trust | 706.52 | -9.86 | -1.38% |
| XIU.TO | iShares S&P/TSX 60 ETF | 51.96 | +0.05 | +0.10% |
Wall Street closed the week on a strong note as investors looked past recent concerns over AI spending and focused instead on solid corporate earnings, easing inflation pressures, and resilient economic growth.
The Dow, S&P 500, and Nasdaq all closed lower on Friday, June 26, 2026. The S&P 500 fell 0.05%, the Dow fell 0.09%, and the Nasdaq fell 0.24%. The S&P 500 and Nasdaq also finished the week lower; AP reported the S&P 500 lost 2% for the week and Nasdaq lost 4.6%.
The week’s biggest lesson was clear.
Just a few days ago, investors feared that massive AI capital expenditures might never generate adequate returns.
Then came Micron’s earnings.
The company delivered outstanding results, demonstrating that demand for AI memory chips remains exceptionally strong. That report helped restore confidence that at least some areas of the AI ecosystem are already producing meaningful financial returns.
Meanwhile, falling energy prices and moderating inflation continue to improve the outlook for interest rates.
Although the Federal Reserve remains cautious, investors are increasingly optimistic that inflation is moving in the right direction without triggering a recession.
The combination of:
- Strong corporate earnings
- Healthy consumer spending
- AI-driven investment
- Cooling inflation
continues to provide a favorable backdrop for equities.
One important trend is emerging.
The market is no longer rewarding companies simply because they mention artificial intelligence.
Instead, investors are rewarding businesses that can demonstrate measurable revenue growth, expanding profit margins, and a clear path to monetizing AI investments.
That shift is healthy.
History shows that every major technological revolution eventually separates the companies with exciting stories from those with sustainable business models.
This week’s market action suggests that the AI revolution is entering that next phase.
Long-term investors should welcome it.
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