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Oil plunges, stocks jump on US-Iran peace deal
AFP62d agobearish
Oil plunges, stocks jump on US-Iran peace deal

Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets.The strait, through which roughly 20 percent of the world's crude oil supply normally transits, was effectively closed by Tehran after the US and Israeli strikes on Iran in late February, sending energy prices soaring.

Wall St gains as markets welcome Iran deal
Reuters62d agoneutral
Wall St gains as markets welcome Iran deal

June 15 (Reuters) - Wall Street's main indexes opened higher on Monday after Washington and Tehran reached a preliminary agreement to end the Middle East conflict and reopen the Strait of Hormuz,

Deal on ending the Iran war sends stocks soaring while oil prices fall
Associated Press62d agoneutral
Deal on ending the Iran war sends stocks soaring while oil prices fall

Share prices soared Monday in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz. Oil prices fell more than $3 a barrel. U.S. President Donald Trump confirmed the initial agreement and authorized an end to the U.S. naval blockade of Iranian ports.

The Stock Market Survived the SpaceX IPO. What to Watch for Next.
Barrons.com64d agoneutral
The Stock Market Survived the SpaceX IPO. What to Watch for Next.

The SpaceX initial public offering didn’t mean all that much to the stock market this past week—but it could mark the start of the countdown to the end of the bull market sometime in the year ahead. SpaceX, which began trading on Friday, was the market’s focus this past week. It is the biggest IPO in history; it’s building a business that seems based on a sci-fi novel; and it’s led by a controversial CEO in Elon Musk, who attracts attention—good and bad—wherever he goes.

Indexes Climb Ahead of SpaceX Trading Debut
The Wall Street Journal65d agobullish
Indexes Climb Ahead of SpaceX Trading Debut

It's not all SpaceX in markets today. A big gain from Goldman Sachs is boosting the Dow Jones Industrial Average. The blue-chip index recently added around 400 points, or 0.8%. The S&P 500 rose 0.5%. The tech-heavy Nasdaq advanced about 0.

Stock Futures Up as Investors Await Historic Test of Market by SpaceX
The Wall Street Journal65d agobullish
Stock Futures Up as Investors Await Historic Test of Market by SpaceX

Stock indexes around the world are in positive territory and U.S. stock futures are up. The IPO has shattered records, with SpaceX raising $75 billion, selling 555.6 million shares at $135 each. The rocket maker, which derives most of its revenue from its satellite internet unit and has a nascent artificial-intelligence business, will trade under the ticker “SPCX.”