Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide
By Sinéad Carew and Twesha
Dikshit
Mon June 15, 2026
The weekend news of a peace accord to be signed this Friday in Geneva (but details not yet forthcoming) was quite predictably greeted with great aplomb as all three indexes skyrocketed from the open and stayed there all day, all three with very substantial 3-digit gains. The Dow hit a new record. The key of course for tech is the promised reopening of the Strait of Hormuz which controls the flow of oil and with oil controlling inflation and inflation controlling tech, the whole sector zoomed even more.