Economy #stock market#wall street
Wall Street Rallies, Oil Tumbles as US and Iran Reach Deal; AI and Travel Stocks Surge
Wall Street rallied sharply on Monday after the United States and Iran reached a tentative agreement to extend the ceasefire and reopen the Strait of Hormuz, causing oil prices to plunge. The S&P 500 rose 1.5%, the Dow jumped 638 points, and the Nasdaq gained 2.3%. AI-linked stocks and travel companies surged, while easing oil prices reduced inflation fears and lowered the probability of a Fed rate hike.
Jun 15, 2026 1 source