Equities end higher as oil prices pull back on truce hopes
Mon June 16, 2025 4:31 PM
I speculated on Friday that, depending on how progress went between Israel and Iran over the weekend, the markets may indeed be taking an even bigger dive today. Indeed, the weekend and today saw dramatic increases in the mutual attacks. But today it took only the slightest hint of peace hopes to instead make the indexes surge, big 3-digit surges making up most of Friday’s lost ground.
Iran has partnered with 3 Arab states, all U.S. allies, to put pressure on Trump to put pressure on Netanyahu to end this. In return, In return, Tehran offered flexibility in the nuclear negotiations. It’s no coincidence that all 3 of these Arab states are major oil producers as noted by today’s expert, “The wild card is really what’s going to happen to oil prices.” At 17.86 billion, volume was just a tad below the 18.14 average.
DJ: 42,197.79 -769.83 NAS: 19,406.83
-255.66 S&P: 5,976.97
-68.29 6/13
DJ: 42,515.09 +317.30 NAS: 19,701.21
+294.39 S&P: 6,033.11
+56.14 6/16
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