New York, 16 June 2026 – Wall Street rallied after a US-Iran agreement to reopen the Strait of Hormuz triggered a sharp fall in oil prices, easing inflation concerns and reviving appetite for equities, cryptocurrencies and other risk assets.
The S&P 500 climbed 1.7% on Monday, while the technology-heavy Nasdaq 100 jumped 3.1%. The Dow Jones Industrial Average reached all-time highs as investors moved back into economically sensitive sectors and growth stocks. Bitcoin also topped US$66,000, reflecting a broader shift away from defensive positioning.
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