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Wall Street Marks Record Highs as US-Iran Peace Deal Deflates Oil Prices and Inflation Fears

US equity benchmarks reached historic territory Monday as the preliminary US-Iran memorandum of understanding to reopen the Strait of Hormuz sent crude prices sharply lower, with the Dow Jones Industrial Average closing at a record 51,684.88, the S&P 500 rising 1.67% to 7,555.26, and …

Nitish Kishor | 16 June 2026

Nasdaq Climbs Three Percent on Iran Ceasefire News, Posting Best Single-Day Gain of the Quarter

The Nasdaq Composite rose 3.07% to 26,683.64 on Monday, its strongest single-session percentage advance since March 31, as the preliminary US-Iran ceasefire triggered broad-based technology buying, with more than 80% of Nasdaq-listed stocks closing higher and the technology sector within the S&P 500 advancing …

Nitish Kishor | 16 June 2026

US Inflation Expectations Fall as Oil Price Decline Reduces Near-Term Fed Tightening Pressure

Market-derived inflation measures retreated Monday as crude prices dropped sharply on the preliminary US-Iran ceasefire, with bond markets pricing a modestly lower Federal Reserve rate path and the dollar index declining 0.20% to 99.60, even as analysts cautioned that core inflation remains elevated and …

Nitish Kishor | 16 June 2026

Taiwan Double Tax Deal Progress Could Unlock Billions in US Corporate Investment in Semiconductor Hub

American business organisations expressed measured optimism Monday that a long-stalled bilateral income tax framework with Taiwan may gain renewed momentum following the Agreement on Reciprocal Trade signed earlier in 2026, with representatives indicating progress is underway on a deal that would eliminate dual taxation …

Nitish Kishor | 16 June 2026

US-Taiwan Double Tax Treaty Talks Revive as Business Groups Push for Bilateral Progress

American business organisations in Taiwan expressed cautious optimism Monday that long-stalled bilateral income tax negotiations may gain momentum, citing the improved diplomatic foundation created by the Agreement on Reciprocal Trade signed in January 2026, which reduced US tariffs on Taiwanese goods below 15% and …

Nitish Kishor | 16 June 2026

Truist Financial (NYSE: TFC) Analyst Reinstates at Overweight with $59 Target Despite Leadership Overhang

The analyst reinstated coverage with an Overweight rating and a price target of $59 per share, a level well above Tuesday's post-selloff trading price. The thesis implicit in the Overweight call is that the incoming CEO, Michael P. Lyons, whose background in financial technology …

Nitish Kishor | 16 June 2026

Fiserv (NASDAQ: FI) 2026 Outlook Reaffirmed But Execution Risk Repriced as CEO Transition Hits Stock

The reaffirmed guidance — organic revenue growth of 1% to 3% and adjusted earnings per share of $8.00 to $8.30 — provides a fundamental anchor for investors who are willing to extend the benefit of the doubt to the incoming management team. It signals …

Nitish Kishor | 16 June 2026

NextNav (NASDAQ: NN) Faces Forced Index Selling Pressure Masking Positive Drone PNT Developments

When a stock is removed from a major equity index, the passive investment funds and exchange-traded funds that track that benchmark are required to sell their holdings regardless of their assessment of the company's underlying worth. This mandatory selling creates a supply-demand imbalance that …

Nitish Kishor | 16 June 2026

Marathon Petroleum (NYSE: MPC) Crack Spread Compression Risk Offsets Bullish Q1 Earnings Beat

The catalyst for looking past the strong Q1 beat is the sharp decline in crude oil prices following the preliminary U.S.-Iran peace agreement. For Marathon Petroleum, a leading U.S. refiner operating multiple large-scale facilities across the country, the commodity price environment is important not …

Nitish Kishor | 16 June 2026

U.S. Equity Market Divergence Widens: Technology and Financials Lead as Energy and Defense Lag

The macro catalyst — a preliminary peace framework between the United States and Iran — generated opposite effects in different corners of the market with almost mechanical precision. Sectors that benefit from lower energy costs: technology, consumer discretionary, and airlines gained as the market …

Nitish Kishor | 16 June 2026
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