Stock Market Today: Nasdaq Jumps, Oil Is Now Close to Pre-Iran War Prices
US stocks advanced on Wednesday as oil prices plunged to levels not seen since the start of the US-Iran war. The Nasdaq and S&P 500 rebounded from earlier losses in technology stocks. This recovery follows a tentative agreement between the US and Iran to extend a ceasefire.
What changed
Oil prices have fallen to levels seen before the US-Iran war and the Nasdaq has regained ground after a period of decline.
Live updates
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Nasdaq Rallies and Oil Prices Drop Following US-Iran Peace Deal
confidence 90%US stocks advanced on Wednesday as oil prices plunged to levels not seen since the start of the US-Iran war. The Nasdaq and S&P 500 rebounded from earlier losses in technology stocks. This recovery follows a tentative agreement between the US and Iran to extend a ceasefire.
What's confirmed:
- The US and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz.
- President Donald Trump stated the Strait of Hormuz waterway will be reopened under the agreement.
- US stocks advanced on Wednesday as oil prices dropped to levels not seen since the beginning of the US-Iran war.
Still unconfirmed:
- The Nasdaq marked its second straight upbeat session on the last day of June.
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US Stocks Rally as US-Iran Peace Deal Takes Effect
confidence 90%Wall Street indices rose following an interim peace agreement between the US and Iran. The deal includes the potential reopening of the Strait of Hormuz. Investors are weighing this optimism against signs that the Federal Reserve may hike rates.
What's confirmed:
- The Nasdaq jumped 3.1 percent.
- The S&P 500 climbed 1.7 percent.
- An interim US-Iran peace deal went into effect.
- The agreement includes the potential reopening of the Strait of Hormuz.
Still unconfirmed:
- The Federal Reserve is starting to lean toward a rate hike.
- AI chip trade is reigniting.
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US Stock Futures Surge Following US-Iran Peace Deal
confidence 90%US stock index futures rose as a temporary peace agreement between the US and Iran eased geopolitical tensions. The deal includes the potential reopening of the Strait of Hormuz, which lowered international oil prices. Investors are currently balancing this optimism against hawkish signals from the Federal Reserve regarding possible 2026 rate hikes.
What's confirmed:
- Nasdaq 100 futures climbed 2.18%, S&P 500 futures gained 1.31%, and Dow futures rose 0.91%.
- A peace agreement between the US and Iran has led to a surge in US stock futures.
- International oil prices fell sharply following the US-Iran deal.
- The Federal Reserve hinted at a possible rate hike in 2026.
Still unconfirmed:
- Gasoline prices have fallen below $4.
- Intel shares are surging due to comments from Trump.