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.
121 Articles
121 Articles
Oskaloosa Herald
Wall Street inches slightly higher, oil prices fall again on hopes for an end to Iran war
Markets on Wall Street leaned toward modest gains before the opening bell Tuesday and oil prices fell again following the U.S. and Iran’s announcement a day earlier that they had a reached a tentative deal to end their conflict. Futures…
Fox 59 Indianapolis
WANE-TV'I'm surprised it's gone this quickly': Indiana leaders react to tentative U.S.-Iran peace deal
INDIANAPOLIS—With President Trump poised to sign a tentative peace deal with Iran on Friday, gas prices on average have dipped below the $4 per gallon mark nationwide, according to GasBuddy. On Monday, Indiana leaders expressed optimism that the move could finally end Iran’s stranglehold over the Strait of Hormuz and bring gas prices down further. [...]
Trading Day: US-Iran war halted – now what?
By Stephen Culp NEW YORK, June 15 (Reuters) – U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets worldwide and sparked fears of systemic inflation. I will go into more detail on today’s market moves below. If you have more time to read, here are a few articles I recommend to help you make sense…
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