TheStreet - June 22, 2026

Your iPhone is about to cost more

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> Walmart just released tons of steep sales up to 88% off

June 22, 2026

Happy Monday. U.S. stock benchmarks were mixed, with the Nasdaq falling over 1% and the S&P 500 falling by about half a percentage point. Meanwhile, the Russell 2000 rose about three-quarters of a percentage point, a strong showing from small caps amid volatility in the market.

In market news, Wells Fargo's new S&P 500 forecast is higher and less cautious as the Iran War appears to be dragging to a slow close. However, Morgan Stanley cautions that investors might be missing the full extent of AI-related costs at Big Tech companies like Alphabet. Charles Schwab is jumping in the prediction markets game in partnership with Cboe.

> Live Updates: Stocks mixed to start week; tech weighs on stocks

At the start of the year, Samsung's Co-CEO warned that an "unprecedented" shortage of memory and computer hardware products could impact the price of everything from smartphones to TVs. Now, Apple's outgoing CEO Tim Cook is sounding the alarm for similar reasons, warning that the company's handsets might need to rise to compensate for the impact that the AI boom is having on the broader technology sector.

Read on TheStreet: Apple CEO sends worrying message on rising iPhone costs

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