On June 15, 2026, major U.S. stock indices surged, with the S&P 500 rising by 1.67%, the Dow Jones Industrial Average up 1.24%, and the Nasdaq 100 climbing 2.79%. This rally follows a peace agreement between the U.S. and Iran, leading to the reopening of the Strait of Hormuz, which was announced by President Trump during the signing of the deal in Switzerland. Crude oil prices fell over 5%, reaching a three-month low, which helped ease inflation expectations and reduced bond yields; the 10-year T-note yield dropped to 4.42%.
In the wake of this geopolitical development, technology stocks and airlines witnessed notable gains. Western Digital shares surged over 14%, and chipmakers such as Micron Technology increased by more than 9%. Conversely, energy stocks suffered losses due to the plummeting crude prices, with Valero Energy down more than 5%.
Economic data released on the same day included a significant decline in the June Empire Manufacturing survey, which fell to 5.7, down from 13.7, and unchanged May manufacturing production. Additionally, the June NAHB housing market index saw a drop to 35, falling short of expectations of 37.
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