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US S&P 500 futures up 0.6% and Nasdaq futures 0.7% on June 12 as Iran peace talks lift sentiment and chip stocks rebound, while oil falls to two‑month lows.
The S&P 500 futures jumped 0.6% and Nasdaq‑100 futures rose 0.7% on June 12, spurred by fresh optimism that a U.S.–Iran peace memorandum could be signed as early as Sunday, while crude oil slid to its lowest level in two months【1】.
| At a glance | |
|---|---|
| S&P 500 futures | +0.6% |
| Nasdaq‑100 futures | +0.7% |
| Dow Jones futures | +0.7% |
| Brent crude | $87.25 / bbl (‑3.46%) |
President Donald Trump’s announcement that he had called off planned strikes on Iran, coupled with a Reuters‑cited Western source that a cease‑fire memorandum could be signed in Geneva within days, revived market mood after a week of fragile sentiment【1】. The same day, Brent crude fell $3.13 (‑3.46%) to $87.25 per barrel, erasing most of its recent gains and marking the lowest price since mid‑April【1】. The price drop reflected expectations that a deal would reopen the Strait of Hormuz, which currently handles about 20% of global oil shipments and has been largely shut since February【1】.
Chip stocks rebounded sharply, helping the Nasdaq‑100 futures to climb, while pre‑market trading saw space‑related names such as Rocket Lab (+4%) and EchoStar (+6%) surge ahead of SpaceX’s IPO at a fixed $135 price, implying a $1.77 trillion valuation【1】. The same optimism contrasted with the previous session’s 2.5% gains across all three major indices, which were driven by the same semiconductor rally【1】.
Two days later, the Dow Jones Industrial Average posted a 0.67% gain to close at 52,016.57, marking a second straight record close, while the S&P 500 and Nasdaq slipped 0.55% and 1.15% respectively, as investors took profits after Monday’s sharp rally and awaited the Federal Reserve’s policy decision【2】. The Dow’s rise came despite a modest 5.8% fall in U.S. oil futures, which had been buoyed by details of a tentative U.S.–Iran interim deal that could extend the April cease‑fire by another 60 days【2】.
The juxtaposition of peace‑deal optimism, a steep oil retreat, and volatile tech earnings underscores how quickly market narratives can shift, leaving investors to gauge whether the current rally is a brief bounce or the start of a broader recovery.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 17, 2026 · How we report
The S&P 500 has returned a median of 17% and the Nasdaq Composite has returned a median of 40% in the 12 months following their respective first closes in bear market territory since 1985.
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