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.
But inflation remains a major concern as the odds for the now September rate hike is upped to 50% for a ¼ point hike and even 20% for a ½ point hike. Good news on the labor front showed a dip in unemployment benefits and layoffs remaining low. Volume was huge at 33.59 billion vs the 21.83 average but this was another day of “triple witching” so this highly disproportionate number must be ignored.
DJ: 51,492.55 -507.12 NAS: 26,021.66
-354.69 S&P: 7,420.10
-91.25 6/17
DJ: 51,564.70 +72.15 NAS: 26,517.93
+496.28 S&P: 7,500.58
+80.48 6/18
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