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How US-Iran Peace Deal Drove Nasdaq +3.07% and Oil Down 2% — Market Wrap Jun 16, 2026
Today's AI insights from 7horns.ai highlight a dynamic market day as the Nasdaq surged 3.07% following a tentative US-Iran peace agreement that sent oil prices plunging over 2%. The historic Nikkei briefly crossed the 70,000 mark despite a Bank of Japan rate hike, while South Korea's Kospi surged 2.1%. Oil futures dropped sharply to $79.13, pressured by the prospect of normalized energy flows through the Strait of Hormuz. Meanwhile, gold extended its rally, rising 0.33% as investors sought safe havens. Notably, SpaceX's IPO rocketed nearly 20% on debut and climbed another 10% in pre-market…
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