Stock market today: Dow, S&P 500, Nasdaq soar on US-Iran pact to reopen Hormuz

LIVE Stock market today: Dow, S&P 500, Nasdaq soar on US-Iran pact to reopen Hormuz Rian Howlett , Karen Friar and Jake Conley Updated Mon, June 15, 2026 at 7:08 PM GMT+2 2 min read US stocks surged on Monday and oil prices sank as investors welcomed a breakthrough US-Iran deal to end hostilities and reopen the Strait of Hormuz. The tech-heavy Nasdaq Composite ( ^IXIC ) led gains, soaring nearly 3%, while the S&P 500 ( ^GSPC ) jumped 1. 8%.

The Dow Jones Industrial Average ( ^DJI ) climbed 1. 3% on the heels of Friday's solid gains for Wall Street stocks. President Trump said late Sunday that the US had reached a ceasefire deal with Iran , calling the agreement "complete" in a post to Truth Social .

Talks to finalize the peace deal are expected to begin within 60 days. The provisional agreement could reopen the crucial Strait of Hormuz waterway to oil tankers as soon as this week, but a return to normal flows is seen as months away. The two sides are set to meet on Friday in Switzerland to formally sign the interim deal, but a lack of detail about its terms is keeping shipowners and other operators wary.

Oil prices sank, with global benchmark Brent crude futures ( BZ=F ) down 4. 7% to around $83 a barrel. Meanwhile, West Texas Intermediate ( CL=F ) futures fell over 5%, but held above $80 a barrel as concerns over supply disruptions eased.

In individual stocks, Fox ( FOX , FOXA ) shares tumbled 15% after the media giant said it would buy Roku ( ROKU ) in a $22 billion deal . The streaming pioneer's stock edged down 1%, erasing premarket gains to back off on Friday's 20% gain. Wall Street enters the week with momentum following SpaceX's ( SPCX ) blockbuster public debut on Friday.

Shares of the Elon Musk-led company rose over 8% at the opening bell after rocketing up over 19% in their first trading session to push the company's market value above $2 trillion . Looking ahead, the highlight is the Federal Reserve's policy decision , seen as highly important as hot inflation readings spur debate about the odds of an interest rate hike this year. Traders are pricing in better than a 98% probability that the Fed leaves rates unchanged on Wednesday, per CME FedWatch data.

The NYSE and Nasdaq will both be closed for trading on Friday in observance of Juneteenth. LIVE 12 updates 12 mins ago Nvidia reclaims $5 trillion valuation Nvidia ( NVDA ) firmly reasserted its place above the $5 trillion valuation threshold on Monday, as shares climbed as much as 3% amid a broader stock market rally. Mega-cap tech and semiconductor stocks surged after a 60-day ceasefire extension agreement between the US and Iran was announced.

The pact paves the way for the critical Strait of Hormuz to reopen to global oil flows as early as this week. The AI trade re-ignited as a reopened Strait signals that the Federal Reserve may look past recent energy shocks and hold off on a more hawkish bias amid hot inflation and a balanced labor market. In another sign of market demand for AI-linked assets, Bloomberg reported that a jumbo debt offering from Nvidia drew roughly $85 billion in orders from hungry investors.

The AI chip heavyweight was looking to raise at least $20 billion from the bond sale. 45 mins ago Jake Conley All eyes are on Kevin Warsh ahead of Wednesday's Fed meeting Kevin Warsh will preside over his first interest rate-setting meeting as Federal Reserve chair on Wednesday, when the central bank is expected to hold rates steady. All eyes will be on Warsh as Fed watchers try to discern his views, his personal credibility, and how he will position the Fed in the current landscape.

Our Jennifer Schonberger reports: Inflation has persisted above the Fed's 2% target for more than five years. The latest Consumer Price Index reported headline inflation breaching 4% in May — the highest level in three years — while prices businesses paid soared 6. 5%.

"Core" inflation, excluding energy prices, rose nearly 3%. The White House announced a potential breakthrough on Sunday, with the US and Iran agreeing on an interim peace deal that would reopen the Strait of Hormuz this Friday. President Trump has previously indicated that a deal is coming, only for talks to later stall.

The current deal paves the way for a 60-day period of negotiations over Tehran's nuclear program. The agreement to stop fighting and open the strait, if sustained, could signal a peak in inflation, though energy prices could remain elevated for weeks or months before oil shipments and supply normalize. Adding to inflationary pressures, the administration is layering on new tariffs to replace old ones struck down by the Supreme Court.

Read more here. Today at 4:15 PM UTC Jake Conley Even with a deal on the table, the oil market has a long road back The market welcomed news on Sunday that the US and Iran had agreed to the terms of a peace deal to end the conflict that has roiled the global economy, sending oil prices sharply lower and equities higher. But even if the signing ceremony on Friday goes off without a hitch, experts say the oil markets are staring at a long road back to normalcy.

I report: Ever since the war in Iran began on Feb. 28, the count of ships moving through the Strait of Hormuz has dropped from more than 120 per day to near zero. Even with recent reports that a small number of vessels have been daring the crossing in so-called dark movements, levels remain far below normal.

The market's first problem will be the hundreds of ships trapped on either side of the Persian Gulf and the complex task of moving them through the region and toward their destinations in what will amount to a waterborne version of air traffic control at a major airport. Those ships must move out of the Persian Gulf, reach their destinations and offload their oil, then make the return journey back to begin refilling from the Gulf — a process that under the best-case scenario would take three to six months, if not longer, said Rodger Baker, managing director of geopolitical consultancy Periplous, "assuming everybody is just happy for everything to go back to normal. " For that process to begin, shipowners and captains must feel confident that they can safely make the transit without fear of attack, Arsenio Longo, founder of maritime risk intelligence firm HUAX, told Yahoo Finance.

Read more here. Today at 4:13 PM UTC Oil prices fall further as Trump, Iranian parliamentary speaker sign memorandum Oil prices fell further on Monday after news that President Trump, Vice President JD Vance, and Iranian parliamentary speaker Mohammad Bagher Ghalibaf had signed the memorandum of understanding that Trump announced on Sunday. Futures on Brent crude ( BZ=F ), the international benchmark, fell 5% to trade below $83 per barrel, while those on US benchmark WTI crude ( CL=F ) pulled back by a steeper 5.

5% to hang near $80 per barrel. Terms of the deal, which have not been made public, are expected to be released within the next two days with technical discussions to begin later in the week, US officials told Reuters. The formal signing ceremony is still set to take place in Switzerland on Friday.

"You will see significant increase in traffic in the Strait of Hormuz, actually starting already, and that will ramp up slowly over time," Reuters quoted the US official as saying. "We probably won't return to normal in two weeks, but we will see a significant increase in strait traffic. " Traffic remained subdued and uneven through the Strait of Hormuz on Monday, per data from the intelligence firm Kpler, with little sign of an uptick in crossings.

Even as Trump has said any deal includes the full reopening of the Strait of Hormuz, with no tolls imposed, Iranian semiofficial news agency Fars said Monday that Iran would only allow toll-free crossings for 60 days before levying fees against ships seeking to traverse the waterway. Speaking to CNBC on Monday, Vice President Vance said that the the US' "expectation is that the strait is going to be opened in a toll-free way for the long term," but that "that's the sort of thing that we're going to figure out in these technical negotiations. " The vice president's comments add to uncertainty around what a post-war Strait of Hormuz would look like, and who would control the waterway.

Today at 3:35 PM UTC Ines Ferré Roku stock drops as Fox merger 'leaves money on the table' Roku ( ROKU ) shares dropped 3% on Monday after Fox Corp. announced plans to acquire the streaming platform in a $22 billion cash-and-stock deal. Fox shares dropped 18% following the announcement.

Under the terms of the agreement, Roku shareholders would receive stock and cash valued at approximately $143 per share. The stock was trading down 1% on Monday, just below that threshold. Bloomberg Intelligence analysts said the deal undervalues Roku and "likely leaves money on the table.

" "Netflix trades at more than 13x estimated 2026 gross profit and Spotify at nearly 13x, suggesting the deal may undervalue Roku's platform economics," wrote senior industry analyst Geetha Ranganathan and her team. Fox said the acquisition will strengthen its position in streaming and digital advertising as media companies continue to shift away from traditional cable television. Roku has more than 100 million subscribers.

The deal is expected to close in the first half of 2027, subject to regulatory and shareholder approval. Today at 3:09 PM UTC Jake Conley SpaceX is off to a hot, potentially volatile start SpaceX ( SPCX ) stock jumped nearly 8% in early trade, giving the shares a two-day pop of over 25% since the rocket company's market debut on Friday. Appetite seems unabated, with some commentators now likening it to a momentum stock , though one that could be volatile.

Our Pras Subramanian reports: SpaceX's growth after only 2 days is remarkable. "Elon Musk's SPCX is already $700 billion larger than Tesla ( TSLA ), and it's more than twice the size of Berkshire Hathaway ( BRK-B )," Bespoke Investment said in a note. A big part of SpaceX's return has been the enthusiasm from retail investors, and they may have been selling other stocks to raise for SpaceX buys.

Retail selling across single stocks just hit the heaviest level since November 2023, according to research from Vanda Research, with pressure concentrated in semiconductor names including Micron ( MU ) and Sandisk ( SNDK ), Yahoo Finance's Jared Blikre noted. At the same time, retail buying of space stocks has climbed further, reaching its highest level since December 2024, according to Vanda. Of course, institutional buying on SpaceX's market debut was a big part of its move, in addition to purchases by large investors and family offices.

Read more here. Today at 2:28 PM UTC Jet fuel prices likely to stay high for several months, top aviation services CEO warns The CEO of Menzies Aviation, the world's largest airport services company, warned Monday that jet fuel prices are likely to stay elevated for several more months, even with the news of a US-Iran deal. "I'm pretty confident that they will remain high for a number of months," CEO Philipp Joeinig said to Bloomberg, referencing jet fuel prices.

"It will be challenging from a cost perspective, from an inflation perspective. " While oil prices have surged thanks to the war, those for refined products such as diesel, gasoline, and jet fuel have risen even faster. That's because they must be refined and are often stockpiled in smaller quantities.

"When refinery output tightens globally, aviation fuel is often the first to feel it," said GasBuddy's top analyst Patrick De Haan. Front-month jet-fuel swap prices in the US Gulf Coast — a key benchmark used by airlines to gauge fuel prices — have come off their mid-March highs. But they are still about 25% higher than pre-war levels, trading above $290 per gallon compared with roughly $235, per Bloomberg data.

Delta Air Lines ( DAL ) disclosed in April it expected to book $2 billion in costs in the second quarter related to rising jet fuel prices. Meanwhile, American Airlines ( AAL ) is braced for $4 billion in additional expenses for the full year. The International Air Transport Association has estimated that the global airline industry will only bring in around half of the profits originally expected for this year.

Today at 2:07 PM UTC US manufacturing production stalls for first time in 2026 US manufacturing production stalled for the first time in 2026 in May, per data released Monday by the Federal Reserve. Manufacturing output was unchanged from April, with growth at 0% on a monthly basis, compared with the 0. 3% expected by economists.

A revision to April's activity reading pegged growth at 0. 7%. Industrial production rose only marginally, up 0.

1% in May over the previous month, where economists had expected 0. 3% growth. Mining output, which includes energy extraction, increased by 1.

3%, while utilities output fell 0. 4%. The data somewhat contradicts earlier strong readings on the back of demand linked to the AI data center buildout and a pick-up in defense sector orders, per Bloomberg.

That said, manufacturing in categories linked to the buildout — such as computers and electronic products, and electrical equipment — rose on the month. Today at 1:41 PM UTC US stocks soar into green at the opening bell US stocks rose sharply at the market open on Monday as investors cheered news of a provisional deal to end the war in the Middle East. The tech-heavy Nasdaq Composite ( ^IXIC ) led gains, jumping 2.

3%, while the S&P 500 ( ^GSPC ) rose 1. 5%, and the Dow Jones Industrial Average ( ^DJI ) climbed 1. 2%.

President Trump announced Sunday night that the US had reached a deal with Iran, calling the agreement "complete" in a post to Truth Social , with a signing date set for Friday in Switzerland. Oil prices plummeted on the news, reaching their lowest levels since March and the early days of the US-Iran war. Global benchmark Brent crude futures ( BZ=F ) fell 4.

7% to around $83 a barrel, while West Texas Intermediate ( CL=F ) futures fell 5. 3% to near $80 a barrel. In the corporate world, Fox ( FOX , FOXA ) shares gave up around 11% after the media giant said it would buy Roku ( ROKU ) in a $22 billion deal.

Meanwhile, shares of SpaceX ( SPCX ) rose to start their first full trading session. Today at 8:30 AM UTC Karen Friar Iran War’s ‘inflationary legacy’ key to stock rally’s longevity From Bloomberg: Inflation worries kept investors cautious even as bonds and stocks rallied on Monday after a US-Iran interim deal eased nerves, with market participants warning that the conflict's economic fallout remains unresolved. The MSCI Asia Pacific Index climbed as much as 3.

2%, while Brent crude, 10-Year Treasury yields and the dollar declined. Yet, strategists at KCM Trade, Pepperstone Group Ltd. and Stifel Nicolaus said the agreement is more likely to create a short-term trading opportunity than mark the start of a longer-term rally.

A sustained drop in oil prices may ease inflation pressures and give central banks more flexibility, but key issues — including Iran's nuclear program, sanctions relief and future operations of the Strait of Hormuz — remain unsettled, making it unclear whether crude prices will remain low enough to alter the outlook for interest rates. "The big question is how quickly this oil relief translates into lower inflation and whether that opens the door for central banks to take an easier stance on monetary policy," said Tim Waterer, chief market analyst at KCM Trade in Sydney. "The real test now is the inflationary legacy of this war.

" Read more here . Today at 6:09 AM UTC Rian Howlett Gold rises after US-Iran peace deal signed for 60-day ceasefire Bloomberg reports: Gold ( GC=F ) rose after the US and Iran announced an interim deal to end hostilities and reopen the Strait of Hormuz, easing global inflation fears and potentially tempering expectations for interest-rate hikes. Bullion jumped as much as 2.

7% to above $4,330 an ounce after US President Donald Trump said on social media that "The Deal with the Islamic Republic of Iran is now complete. " Iran's deputy foreign minister confirmed the agreement, which will be signed on Friday in Switzerland. The precious metal had fallen 2.

5% last week. The US and Iran agreed not to attack each other and undertake a 60-day period of negotiations to dismantle Tehran's nuclear program, while the Islamic Republic will also get relief from sanctions targeting its overseas oil sales. Read more here.

Sun, June 14, 2026 at 11:06 PM UTC Rian Howlett US, Iran agree to ceasefire, opening the Strait of Hormuz and removing the US naval blockage Yahoo Finance’s Brooke DiPalma and Jake Conley report: The US announced on Sunday that it reached a deal with Iran to end the fourth-month long war that has roiled the global market, calling for the re-opening of the Strait of Hormuz as soon as Friday. The news sent oil futures oil and stocks higher ahead of the week. "The Deal with the Islamic Republic of Iran is now complete," President Trump wrote on Truth Social, "I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade.

Ships of the World, start your engines. Let the oil flow! " Trump added in a later statement on social media that the Strait of Hormuz would reopen Friday , for demining purposes.

Iranian deputy foreign minister Kazem Gharibabadi said Sunday on state TV that Iran had reached a peace deal with the US — including an end to all conflict fronts — and that negotiations for a final, lasting deal would begin within 60 days, per Reuters. Read more here.