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Informist, Tuesday, Jun. 16, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end higher Mon on news of preliminary US-Iran deal

 

MUMBAI--0745 IST--US stock indices ended higher on Monday as expectations of a US-Iran peace agreement rose after US President Donald Trump Monday said that a preliminary deal between the two warring parties had been signed. As crude oil prices tumbled, indices gained for the third session in a row and the Dow Jones Industrial Average hit a record close and also touched a new all-time intraday high. 

 

The preliminary agreement between the US and Iran would extend the ceasefire announced in April by another 60 ‌days and reopen the Strait of Hormuz, which has been effectively blocked since the start of the conflict in February, according to a report by Reuters. "It seems real this time as both rates and oil have broken through key levels," CNBC quoted Brian Mulberry, chief market strategist at Zacks Investment Management, as saying. The development "should alleviate pressure on the FOMC (Federal Open Market Committee) commentary, and that is good news long term for this market." Since the news of the deal, crude oil prices have shed nearly 5% and are currently around $83 per barrel.

 

Monday, technology stocks rallied, with Elon Musk's SpaceX ending around 20% higher in their second day of trading after the company's blockbuster initial public offering on Friday. The stock closed at around $193 on Monday. Chipmakers also saw gains on Monday with Nvidia closing 3.5% higher, and Micron ending 10.8% higher.

 

The US Federal Reserve’s policy update, due Wednesday, will be in focus this week, marking Chair Kevin Warsh's first policy meeting since he took over from Jerome Powell. A resumption of oil flows from West Asia and easing crude oil prices could give the central bank room to hold interest rates steady instead of raising borrowing costs. Most participants expect the Federal Reserve to leave interest rates unchanged this week, according to ‌CME Group's FedWatch Tool.

 

Following were the closing levels of US indices on Monday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51671.03	0.92
NASDAQ Composite	26683.94	3.07
S&P 500	7554.29	1.65

 

(Shruti Nair)

 

US$1 = INR 94.71

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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