WINONA, Minn.--(BUSINESS WIRE)--Jun 15, 2026--
Fastenal Company (NASDAQ: FAST) has been named as an official partner of the 2026 Special Olympics USA Games ('USA Games'), to be held June 20–26 in Minnesota's Twin Cities area. With the support of partners like Fastenal, the USA Games will bring together thousands of athletes, coaches, fans, and volunteers from across the country in a national celebration of the human spirit.
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Through the partnership, Fastenal has donated over $100,000 worth of products to help the USA Games team execute one of the largest humanitarian/sports events Minnesota has held in 35 years. The donation includes tools and equipment to build out and maintain dozens of venues, as well as sports-focused items like rolling storage systems to quickly move athletic medical supplies where they're needed.
It also includes a variety of safety gear to protect workers, including Fastenal's own Body Guard ® brand. As a value-added service, Fastenal used their Custom Logo service to print the Special Olympics logo on nearly 500 donated safety vests and hardhats – a solution to help identify staff and volunteers and reduce product loss.
"Fastenal has been a phenomenal partner," said Kevin Quiring, chief development officer for the USA Games. "They've had a patient, consultative approach as our specifications evolved, and all the items have arrived on schedule. Bottom line: Fastenal truly understands the importance of a successful USA Games to our athletes and the Special Olympics mission."
"Fastenal's support reflects their alignment with our vision for a more inclusive future," added Christy Sovereign, CEO of the USA Games. "We're excited to work together to showcase the power of human potential and inspire communities across the country."
There's a long history behind this commitment. For decades, several of Fastenal's distribution and service centers have partnered with community rehabilitation providers to offer meaningful employment for people with mental and physical disabilities. In 2025, Fastenal was named Partner of the Year by Winona ORC Industries, a Winona, Minnesota community leader in providing training and job opportunities to people with disabilities.
"Fastenal is founded on a core belief in people – that with the right training, support, and opportunity, we all have the ability to do amazing things," said Sally Olson, director of marketing for Fastenal who oversees community involvement. "We're proud to be a partner of the USA Games because it's about helping athletes of all abilities realize their true potential."
About Fastenal
Organizations around the world rely on Fastenal to help them simplify and secure the supply chain for a broad range of industrial products. To understand our customers' challenges and provide services and solutions that fit their unique needs, we've built out the most extensive presence in our industry, with a vast network of local teams and embedded technology. At the heart of it all is a simple commitment: great people, close to the customer, backed by world-class logistics, technology, and resources.
Additional information regarding Fastenal is available on our website at www.fastenal.com.
About 2026 Special Olympics USA Games
The 2026 Special Olympics USA Games—scheduled for June 20-26, 2026, across Minnesota's Twin Cities with sports competitions at the University of Minnesota and the National Sports Center in Blaine—is a national celebration of inclusivity, changing perceptions and the ability of the human spirit rising above limitations. The USA Games, with co-presenting partners Jersey Mike's Subs and UnitedHealthcare, will be one of the biggest U.S. sporting events of the year, drawing tens of thousands of fans to celebrate the ability of nearly 3,000 incredible athletes from all 50 states as they compete in 16 Olympic-type team and individual sports. As a state with a long history of championing diversity, equity and inclusion, the USA Games now bring an unrivaled opportunity for Minnesotans to spark new energy around the Special Olympics movement and create a lasting legacy of positive change.
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Fastenal printed the 2026 Special Olympics USA Games logo on nearly 500 donated safety vests and hardhats.
NEW YORK (AP) — Stock markets rallied worldwide Monday, and oil prices eased after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again.
The S&P 500 rose 1.7% on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average climbed 468 points, or 0.9%, to a record, and the Nasdaq composite jumped 3.1%.
Stocks got a lift after the price for a barrel of Brent crude oil fell 4.8% to $83.17, back to where it was in early March. While that’s still above its price of roughly $70 from before the war, it’s lower than the $100 plus it cost just a few weeks ago. The hope is that lower oil prices will take pressure off households and businesses, which have had to pay higher prices for everything from food to fuel to fertilizer because of the war with Iran.
Iran confirmed the deal, but it does not include a final agreement on issues like Iran’s nuclear program. Negotiations on that are expected to continue over the next 60 days, which leaves opportunity for hiccups that could derail the agreement. And even if the Strait of Hormuz does fully reopen on Friday as expected, it will likely take months for the energy industry to get back to full speed.
For now, though, relief swept through financial markets worldwide.
On Wall Street, stocks of companies with big fuel bills were instant winners. United Airlines flew 3.9% higher, and cruise operator Royal Caribbean Group rose 6.6%.
Stocks of companies enmeshed in the artificial-intelligence industry also jumped. These stocks have yo-yoed in recent weeks, going from roaring to records to suddenly turning lower. The concern is whether such stocks shot too high, too fast because of AI mania, and their careening moves have sometimes reversed direction by the hour.
Micron Technology rallied 10.8%, and Advanced Micro Devices rose 7%. Nvidia’s climb of 3.5% was the strongest force pushing the S&P 500 upward because the AI chip company is Wall Street’s most valuable company, giving it more weight on the index than any other.
SpaceX, Elon Musk’s rocket company that also owns the AI company xAI, rose 19.6% in its second day of trading on Wall Street. Its successful debut on the Nasdaq suggested plenty of demand still exists among investors for AI. The market has given SpaceX a total value of more than $2.1 trillion, making it bigger than Exxon Mobil, Bank of America and Coca-Cola combined.
In the bond market, Treasury yields eased on hopes that lower oil prices will remove pressure on central banks to raise interest rates.
The yield on the 10-year Treasury slipped to 4.47% from 4.48% late Friday.
Europe’s central bank last week became the first major one in the world to raise interest rates because of the war with Iran. High interest rates can keep a lid on inflation, but they also slow economies and undercut prices for all kinds of investments, including stocks and cryptocurrencies. They hit investments seen as the most expensive in particular, and some critics are calling the AI industry a bubble where investment inflated too far.
The Fed will announce its latest decision on interest rates later this week, which will be the first under its new chair, Kevin Warsh. Traders see it as a near certainty that the Fed will leave its main interest rate steady after its two-day meeting ends Wednesday.
Traders had been raising bets that the Fed may have to raise interest rates this year because of how much inflation has accelerated and how solid the U.S. job market remains. But the tentative deal between the United States and Iran means traders are now betting on only a 57% chance of a hike this year, down from 71% a week ago, according to data from CME Group.
Elsewhere on Wall Street, Roku fell 1.9% after the company announced that Fox Corp. is buying the streaming pioneer in a cash-and-stock deal valued at approximately $22 billion.
Roku’s stock had already soared 20% Friday, when media reports emerged about a deal, which will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox’s stock fell 16.8%.
All told, the S&P 500 rose 122.83 points to 7,554.29. The Dow Jones Industrial Average climbed 468.77 to 51,671.03, and the Nasdaq composite jumped 795.10 to 26,683.94.
In stock markets abroad, indexes climbed in Asia and Europe. Japan’s Nikkei 225 leaped 5% for one of the world’s biggest gains and finished at a record.
“This is great news,” said Takashi Hiroki, chief strategist at Monex. “Buying by foreign investors is leading the market with expectations of easing tensions around the situation in the Middle East.”
South Korea’s Kospi soared even more, 5.2%, thanks in part to continued rallies for AI winners like Samsung Electronics.
London’s FTSE 100 was an outlier and slipped 0.4%.
AP Business Writers Matt Ott and Elaine Kurtenbach and Senior Producer Mayuko Ono contributed to this report.
Options trader, and New York Knicks fan Ousama Fayek works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)
Options trader, and New York Knicks fan Ousama Fayek works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)
Trader Daniel Kryger, left, works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)
Trader Patrick Casey works on the floor of the New York Stock Exchange, Wednesday, June 3, 2026. (AP Photo/Richard Drew)
Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange, Monday, June 1, 2026. (AP Photo/Richard Drew)
Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 12, 2026. (AP Photo/Ahn Young-joon)
A dealer walks past a screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Thursday, June 11, 2026. (AP Photo/Lee Jin-man)
