US Stocks Extend Rise on US-Iran Deal
2026-06-15 16:46
By
Andre Joaquim
1 min. read
US equities rose further on Monday after the US and Iran said they agreed to a deal to end their war and restore energy exports from the Middle East.
The Dow gained 700 points to a new record, while the S&P 500 gained 2% and the Nasdaq rose 3%.
The deal was set to be signed on Friday, with reports indicating it includes Iran cleaning the Strait of Hormuz of mines and naval blockades being lifted for all exports from the Persian Gulf.
Energy prices and bond yields fell, improving macroeconomic conditions and boosting risk demand in the heavyweight tech sector.
Oracle and Meta surged 5% while Nvidia and Amazon gained 3%.
Meanwhile, SpaceX was 10% higher following its 20% surge on its IPO day last session after CEO Musk signaled it may have $1 trillion in revenue in 2031.
Chip producers continued to rally on more cash being raised by AI developers and the influx of orders that translates for AI infrastructure companies.
In turn, Fox sank 15% after buying Roku for $22 billion.