Tech Rallies and Oil Plummets on U.S.-Iran Deal
6/15/20262 min
Oil prices hit their lowest level since start of U.S.-Iran war. Plus: SpaceX stock zooms 20% higher. Chip stocks including Micron and Marvell Technology also soar. Alexis Green hosts.
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First 90 secondsSpeaker 10:00
So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employers to integrate technology right into the systems they need. Now, a global workforce of three hundred thousand can use AI to field their HR questions, resolving ninety-four percent of common questions. Not noise. Proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business, IBM.
Alexis Green· Host0:30
Here's your closing bell brief for Monday, June fifteenth. I'm Alexis Green for The Wall Street Journal. US stocks charged higher today after the US and Iran agreed to an interim peace deal that would reopen the Strait of Hormuz. The Nasdaq led the gains, rising more than three percent. The S&P five hundred gained nearly one point seven percent, and the Dow added point nine percent. The peace deal sent oil prices to their lowest level since early March. Energy stocks also fell, with Marathon Petroleum losing four point eight percent, ConocoPhillips dropping four percent, and Occidental Petroleum finishing three point seven percent lower. Among other individual companies, SpaceX soared twenty percent today, extending the rocket company's rally since its IPO last Friday. Shares of companies tied to the AI build-out also surged as the US-Iran deal sent investors piling back into volatile stocks. Micron jumped nearly eleven percent, while Marvell climbed more than ten percent. Airline stocks rose