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Wall Street finally got the U.S.-Iran peace deal announcement it’s been longing for. The Nasdaq Composite soared 3.1% today while the S&P 500 rose 1.7%. It was the second-best day of the year for the Nasdaq, according to Dow Jones Market Data.
<body><p>STORY: Wall Street's main indexes rallied on Monday, with the Dow gaining nearly 1% to notch a record-high close, the S&P 500 climbing about one-and-two-thirds percent and the Nasdaq soaring 3%.</p><p>Investors cheered the news of a preliminary deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz. </p><p>Kevin Mahn is president and chief investment officer at Hennion & Walsh Asset Management.</p><p>"I believe that the theme of the day for investors is that a deal has been reached. We think the strait has been opened, we think, and the market has rallied, at least for now. Obviously, if the first two tenets of that theme start to get unwound, then we're going to see this market rally go in the opposite direction. But as it stands now, we believe that ultimately a deal between the U.S. and Iran will be signed in Switzerland on Friday and in all likelihood, tankers will start to pass through the Strait of Hormuz, and that should start to ease inflationary pressures that are a result of higher oil prices that have been in place now since the beginning of March."</p><p>U.S. crude futures settled down 4.9% and hit their lowest level since March, helping to lift shares of energy-sensitive airline and cruise companies and hurting energy stocks.</p><p>Easing inflation fears also helped boost technology stocks as investors were more comfortable taking on riskier bets.</p><p>Chip giant Nvidia gained 3.5% and Micron Technology jumped nearly 11% after at least two brokerages sharply raised their price targets for the stock.</p><p>Investors now turn their attention to the Federal Reserve's two-day policy meeting, which concludes Wednesday.</p><p>Traders expect the central bank to leave interest rates unchanged, but they'll be watching closely for signals from Kevin Warsh in his first press conference as Fed chair.</p></body>
Investors are starting to brace for the Fed's policy decision after its meeting, which begins today.
Investors are starting to brace for the Fed's policy decision after its meeting, which begins today.
US stock futures wavered as investors shifted their focus from the US-Iran deal announcement to the Federal Reserve's policy meeting.
In the latest trading session, Rithm (RITM) closed at $9.19, marking a -1.29% move from the previous day.
Crescent Energy (CRGY) closed the most recent trading day at $11.02, moving 4.84% from the previous trading session.
Halliburton (HAL) reached $38.18 at the closing of the latest trading day, reflecting a -3.59% change compared to its last close.
In the closing of the recent trading day, Hamilton Insurance (HG) stood at $31.53, denoting a -1.16% move from the preceding trading day.
Annaly Capital Management (NLY) closed at $22.24 in the latest trading session, marking a +1.09% move from the prior day.
Diamondback Energy (FANG) reached $189.96 at the closing of the latest trading day, reflecting a -1.13% change compared to its last close.
The latest trading day saw Main Street Capital (MAIN) settling at $51.29, representing a -1.4% change from its previous close.
President Donald Trump and Vice President JD Vance signed an electronic copy of a memorandum of understanding with Iran, a senior US official said in a call with reporters.
The latest trading day saw ARKO Corp. (ARKO) settling at $8.21, representing a -4.87% change from its previous close.
Blue Bird (BLBD) closed at $72.86 in the latest trading session, marking a +1.85% move from the prior day.
Emerson Electric (EMR) concluded the recent trading session at $146.52, signifying a +2.41% move from its prior day's close.
In the closing of the recent trading day, Aptiv PLC (APTV) stood at $66.62, denoting a -2.1% move from the preceding trading day.
Enphase Energy (ENPH) concluded the recent trading session at $52.39, signifying a -4.02% move from its prior day's close.
Groupon (GRPN) closed at $17.45 in the latest trading session, marking a +2.59% move from the prior day.
Dow Jones Futures: Trump's U.S.-Iran deal sparked a big stock market rally Monday. Nvidia, Micron, Sandisk and SpaceX were big winners.
NEW YORK, June 15 (Reuters) - U. stocks rallied on Monday and crude prices dropped after the U.
(Updates with index/price moves, macroeconomic data, and political/company news from the first parag
The Nasdaq had its best day since March after Wall Street used the U.S.-Iran peace deal as just another excuse to pile into technology stocks. The Dow rose 469 points, or 0.9%. Market breadth was actually mediocre, but everything from Big Tech to software and chips were on the rise, along with other risk assets like crypto firms.
US equity indexes were higher on Monday after the US and Iran agreed on a peace framework and crude
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index and the State Stre
(Updates with index/price moves and political news from the first paragraph.) US equity indexes s
The Dow may be on track for a fresh closing high, but it’s still lagging behind the Nasdaq today. The blue-chip index was up 607 points, or 1.2%. The Nasdaq rose 3%. The S&P 500 rose 1.8%. The Nasdaq was on track for its second-best day of the year after the U.
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