[NYSE] Peace MOU Agreement... All Indices Surge on SpaceX Rally

Strait to Open Free of Charge for 60 Days During Follow-up Negotiations

Dow Hits All-Time Intraday High

SpaceX Surges for Second Consecutive Session; Semiconductor Stocks Also Rise

As the United States and Iran agreed to sign a Memorandum of Understanding (MOU) to end the war, all three major indices on the New York Stock Exchange showed a strong upward trend on June 15 (local time). The Dow Jones Industrial Average reached an all-time intraday high immediately after the market opened, and the Nasdaq also climbed more than 2%, driven by the surge in SpaceX shares.

As of 10:07 a.m. at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average was up 588.89 points (1.15%) from the previous trading day, standing at 51,791.15. The S&P 500 index, which focuses on large-cap stocks, rose by 112.77 points (1.52%) to 7,544.24, while the tech-heavy Nasdaq index jumped by 622.73 points (2.41%) to 26,511.57.

New York Stock Exchange. New York, USA - Special Correspondent Yoonju Hwang

U.S. President Donald Trump announced the previous day that an agreement had been reached with Iran to sign an MOU for ending the war, and Iran officially confirmed this as well. The United States and Iran are scheduled to hold an MOU signing ceremony in Geneva, Switzerland, on June 19. Afterward, they will continue negotiations on the key issue of Iran's nuclear program.

The Strait of Hormuz, which had been closed due to the Iran war, is also set to reopen. President Trump announced via Truth Social that he had approved the "free opening" of the Strait of Hormuz and the lifting of the maritime blockade. However, Iran’s Fars News Agency reported that passage fees would be waived for 60 days while follow-up negotiations are underway.

As a result, international oil prices are declining. On the New York Mercantile Exchange, July West Texas Intermediate (WTI) crude was down 5.63% from the previous session. On the ICE Futures Exchange, August Brent crude was falling by 5.26% from the previous session.

The market is showing signs of increased investor sentiment, given that geopolitical uncertainties have significantly stabilized. ExxonMobil is down 4.54%, Chevron 3.75%, Occidental Petroleum 4.07%, and Diamondback Energy 2.57%. Meanwhile, ahead of the MOU signing to end the war, Delta Air Lines is up 1.46%, American Airlines 1.54%, and United Airlines 3.85%.

SpaceX’s stock price, which soared 19% on its first day of trading, has continued to rise significantly for a second consecutive session. Semiconductor stocks are also gaining, with Qualcomm up 4.38%, Applied Digital 7.80%, AMD 7.73%, Intel 3.47%, and TSMC 3.04%.

Evan Schlossman, CEO of Suro Capital, analyzed, "The successful IPO of SpaceX is generally a positive signal indicating that investors’ interest in innovation and technology is on the rise," adding, "This reflects the demand, interest, and aspiration to invest in this type of company."

This content was produced with the assistance of AI translation services.