S&P 500+1.08%▲: closed higher alongside gains in Technology (+0.94%) and stronger small-cap performance. Nasdaq+1.91%▲: advanced after strength in memory-chip and software names ahead of a major memory maker’s report. Russell 2000+2.12%▲: posted the largest percentage gain among major U.S. indexes. Dow+0.14%▲: posted a modest gain, with Utilities among the top-performing sectors. VIX+2.32%▲: ticked up modestly while equities rose, indicating slightly higher option-implied volatility. Crypto: BTC+0.31%▲ roughly $64,146 and ETH+0.67%▲ roughly $1,729, trading mixed into the weekend. What's driving the market this week The Federal Reserve’s June meeting under new Chair Kevin Warsh left the policy rate unchanged but revised the statement and projections in a way that increased the chance of a rate hike later this year; that shift contributed to cross-market repricing. Corporate catalysts in Technology, notably a large memory supplier scheduled to report on June 24, supported gains in chip and semiconductor-related names. A key U.S. inflation release (post‑Fed reading) and a packed earnings calendar for the week ahead are focal points for price moves as markets digest fresh data and corporate results.