Wall St indexes advance with boost from chips, Iran optimism
By Sinéad Carew and Twesha
Dikshit
Thu June 18, 2026
Today’s signing of the interim peace agreement and 60-day ceasefire plus the first ships passing through the Strait of Hormuz was very good news on the inflation front and the inflation-dependent tech sectors. As oil prices tumbled, both the S&P and Nasdaq shot straight up from the open, the Nasdaq up nearly 500, while there was a flight from the Dow with monies flowing back to tech though even the Dow still closed in positive territory.