Dow Hits Record on 333-Point Gain as SpaceX Jumps 10% After US-Iran Deal
Updated
Updated · CNBC · Jun 15
Dow Hits Record on 333-Point Gain as SpaceX Jumps 10% After US-Iran Deal
3 articles · Updated · CNBC · Jun 15
Summary
333 points lifted the Dow 0.7% to a fresh intraday record Tuesday, extending Monday’s rally after Trump said the U.S. and Iran had reached a deal to end the Middle East war.
Oil prices deepened their slide as the agreement pointed to a reopening of the Strait of Hormuz: Brent fell 3% to about $80 a barrel and WTI dropped 3% to roughly $77.
SpaceX surged another 10%, building on its post-IPO run from a $135 offer price to around $212 and briefly topping Microsoft and Amazon in market value during the session.
The broader market was steadier, with the S&P 500 down 0.1% and the Nasdaq off 0.3%, suggesting investors welcomed lower geopolitical risk even as gains narrowed outside select names.
Pakistan’s prime minister said military operations had ended on all fronts and a formal signing is due Friday in Switzerland, while a Trump official said the memorandum was already signed electronically Sunday.
On June 16, 2026, global markets reached record highs as the Dow Jones soared to 51,684.88, with the S&P 500 and Nasdaq also climbing sharply. This surge was driven by two main events: a preliminary peace agreement between the United States and Iran, which eased geopolitical tensions and boosted investor confidence, and the highly anticipated IPO of SpaceX. The peace deal brought hopes of greater regional stability and less pressure on global supply chains, while SpaceX’s public debut highlighted strong belief in technology and innovation. Together, these catalysts created a wave of optimism that lifted markets to historic levels.