Stocks Leap Worldwide, and Oil Prices Drop After the US and Iran Reach a Tentative Deal on Their War
SPDR S&P 500 ETF Trust rose 1.28% and Invesco QQQ Trust gained 2.17% after the announced peace deal eased oil prices.
- On Monday, futures tracking Wall Street's main indexes jumped more than 1% as investors cheered a preliminary pact between the U.S. and Iran to end a three-month conflict and reopen the strategic Strait of Hormuz.
- President Donald Trump announced the peace agreement, expected to be signed Friday in Switzerland, though the framework does not address Iran's nuclear program or the conflict between Lebanon and Israel.
- Crude prices tumbled over 4% following the news, boosting energy-sensitive airline and cruise stocks like Delta and Norwegian Cruise, while analysts caution that Brent crude prices could hover around $80 a barrel.
- Shares of Space Exploration Technologies Corp. rose 5.90% on Monday following a smooth debut, setting a new template for trading firms bracing for the giant IPOs of OpenAI and Anthropic later this year.
- Attention shifts to the Federal Reserve's monetary policy meeting later this week, marking Fed Chair Kevin Warsh's first gathering at the helm as investors gauge his communication style and economic projections.
30 Articles
30 Articles
Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war
NEW YORK (AP) – Stock markets are rallying worldwide, and oil prices are easing after the United States and Iran reached a tentative deal to get the global flow of crude going again. The S&P 500 rose 1.4% early Monday on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has sent inflation painfully upward. The Dow Jones Industrial Average climbed 620 points, and the Nasdaq composite jum…
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S&P 500 jumps 1.3% as stock rally worldwide and oil prices fall following a tentative deal on the US-Iran war
S&P 500 jumps 1.3% as stock rally worldwide and oil prices fall following a tentative deal on the US-Iran war.
Micron and Western Digital Climb 8%, SanDisk Rises 6% on Iran Truce
Memory and storage stocks are surging on the morning of Monday, June 15, after news of a U.S.-Iran peace agreement reopened risk appetite across global equities. Micron Technology (NASDAQ:MU | MU Price Prediction) stock is up 8% to around $1,060 in early action, climbing back above the $1,000 level. Western Digital (NASDAQ:WDC) stock is up ... Micron and Western Digital Climb 8%, SanDisk Rises 6% on Iran Truce
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