[Spam] Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide

June 15 (Reuters) - Wall Street rallied on Monday, with the Nasdaq
climbing 3% and the Dow marking a record-high close after the United
States and Iran struck a preliminary agreement to end the Middle East
war and reopen the Strait of Hormuz, leading to an easing of inflation
fears as crude oil prices dropped. 

The deal framework — expected to be formally signed in Switzerland on
Friday — did not address key issues such as Tehran's nuclear program and
the Israel-Lebanon conflict. 

Still U.S. crude futures settled down 4.9% following the news and hit
their lowest level since March, aiding shares of energy-sensitive
airline and cruise stocks and hurting energy shares. 

Rate-sensitive technology stocks rallied as investors were more
comfortable taking on riskier ?bets with lower oil prices easing
inflation fears. 

"Markets are higher on a classic relief rally. We have a US-Iran deal
that's driving oil sharply lower. This is easing inflation fears and
basically pushing investors back into risk assets like technology," said
Gene Goldman, chief investment officer at Cetera Investment Management,
in El Segundo, California. 

The three main indexes marked their third consecutive session of gains,
recovering after Middle East tensions and a pullback in AI-related
stocks had put Wall Street's record climb ?on pause more than a week
ago. 

https://www.reuters.com/business/wall-st-futures-advance-over-1-markets-c
heer-iran-deal-2026-06-15/