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Apple's expensive taste
To:Brew Readers
Plus, state capitalism's surprising supporters.
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Good afternoon. Scottish soccer fans came to Boston for the World Cup. They’re staying for the beer.

Thousands of supporters visiting the city this week drank so much Samuel Adams Boston Lager that the company’s downtown taproom ran out of its flagship brew and needed an emergency keg delivery. Over four days, fans downed more than 3,000 pints—about four times what the taproom typically sells during a holiday weekend.

Somewhere, a Sam Adams executive is learning the words to “Flower of Scotland.”

Lucy Brewster, Sissy Yan, and Mark Reeth

In today’s newsletter:

  • Apple’s new price hike
  • Mind-boggling SpaceX stats
  • Bernie Sanders, Sam Altman, and President Trump team up

MARKETS

Nasdaq

26,517.93

S&P

7,500.58

Dow

51,564.70

10-Year

4.451%

Bitcoin

$63,043.99

Oil

$75.79

Data is provided by

*Stock data as of market close, cryptocurrency data as of 4:00pm ET. Here's what these numbers mean.

  • Stocks: Energy stocks were the big losers of the short week, tumbling lower today as the US and Iran sealed a memorandum of understanding. Hopes for peace outweighed rising fears that the Fed may raise interest rates this year, and all three major indexes ended the week in the green.
  • Commodities: Tankers began to transit through the Strait of Hormuz last night, with Vice President JD Vance announcing that 12.5 million barrels of oil have already passed through the waterway. That helped push gas prices below $4 per gallon for the first time since March.
  • Reminder: US markets are closed tomorrow for Juneteenth, and there’s no Brew Markets, but we’ll be back on Monday!
 

✢ A Note From State Street Investment Management

Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit statestreet.com/im. Read it carefully.

Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent).

State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information.

   
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