U.S.-Iran Peace Deal Propels Stocks Higher

Speaker 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 fill 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

[upbeat music] Here's your closing bell brief for Thursday, June eighteenth. I'm Alexis Green for the Wall Street Journal. US stocks rebounded today after the US and Iran signed an interim deal to wind down the war. The Nasdaq rose one point nine percent, the S&P five hundred added a little over one percent, and the Dow gained about a tenth of a percent. Falling oil prices are bringing relief to consumers at the pump. The average cost of a gallon of gasoline slipped below four dollars for the first time in over two months. Bond yields were mixed after rising yesterday. Traders now see a nearly seventy percent chance of the Federal Reserve hiking rates by the fall. But that didn't deter investors from piling into AI and chip stocks. Among individual companies, Intel shares surged nearly eleven percent after President Trump said Apple had agreed to work with the company to design and build chips domestically. Apple stock, meanwhile, ticked point seven percent higher. CEO Tim Cook told the Journal that the iPhone maker plans to raise