Stocks

Wall Street Review: Stocks Post Strong Gains on Iran Peace Agreement

Crude oil dropped below $75 per barrel on June 18, helping ease fears of rising inflation.
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Wall Street Review: Stocks Post Strong Gains on Iran Peace Agreement
Traders work on the floor of the New York Stock Exchange on June 15, 2026. Michael M. Santiago/Getty Images
Panos Mourdoukoutas
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Stocks recorded strong gains this week, led by a rally in technology shares as the signing of a peace deal between the United States and Iran pushed oil prices lower and helped calm fears of interest rate hikes.

For the week, the Dow Jones Industrial Average gained 1.41 percent to close at 51,564. The S&P 500 closed 1.44 percent higher to 7,500, below the high reached earlier in the week. The Nasdaq Composite fared much better, up by 2.74 percent, while the Russell 2000 gained 2.01 percent.

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Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”