{"id":432224,"date":"2026-06-16T15:00:08","date_gmt":"2026-06-16T08:00:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/tuesday-16th-june-2026-dow-hits-record-high-as-u-s-iran-deal-boosts-market-sentiment\/"},"modified":"2026-06-16T15:00:08","modified_gmt":"2026-06-16T08:00:08","slug":"tuesday-16th-june-2026-dow-hits-record-high-as-u-s-iran-deal-boosts-market-sentiment","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/tuesday-16th-june-2026-dow-hits-record-high-as-u-s-iran-deal-boosts-market-sentiment\/","title":{"rendered":"Tuesday 16th June 2026: Dow Hits Record High as U.S.-Iran Deal Boosts Market Sentiment"},"content":{"rendered":"<div>\n<h3>Global Markets:<\/h3>\n<ul>\n<li>\u00a0Asian Stock Markets : Nikkei up 0.59%, Shanghai Composite up 0.06% Hang Seng down 1.25% ASX down 0.21%<\/li>\n<li>Commodities : Gold at $4,346.20 (-0.12%) Silver at $69.860 (-0.46%), Brent Oil at $82.91 (-0.31%), WTI Oil at $80.65 (-0.12%)<\/li>\n<li>Rates : US 10-year yield at 4.474, UK 10-year yield at 4.8133, Germany 10-year yield at 2.9514<\/li>\n<\/ul>\n<h3>News &amp; Data:<\/h3>\n<ul>\n<li>(CAD) Manufacturing Sales m\/m 4.2%\u00a0 to 4.4%\u00a0 expected<\/li>\n<li>(CAD) Wholesale Sales m\/m 0.6%\u00a0 to 0.2%\u00a0 expected<\/li>\n<\/ul>\n<h3>Markets Update:<\/h3>\n<p>U.S. stock futures were little changed early Tuesday after the Dow Jones Industrial Average closed at a record high during the previous session, supported by optimism surrounding a potential agreement between the United States and Iran.<\/p>\n<p>Futures linked to the S&amp;P 500 and Nasdaq 100 were essentially flat, while Dow futures slipped 46 points, or less than 0.1%. During Monday\u2019s regular trading session, the Dow gained 468.77 points, or 0.92%, reaching both a record close and an all-time intraday high. The S&amp;P 500 advanced 1.65%, and the Nasdaq Composite surged 3.07%.<\/p>\n<p>Asian markets showed mixed performance. Japan\u2019s Nikkei 225 touched a record intraday high, while the Topix edged down 0.20%. South Korea\u2019s Kospi rose 1.98%, although the smaller Kosdaq index fell 1.55%. Hong Kong\u2019s Hang Seng Index declined 1.25%, while China\u2019s CSI 300 posted a modest gain.<\/p>\n<p>Market sentiment improved after President Donald Trump announced that the U.S. and Iran had reached a deal to end the conflict in the Middle East. Pakistani Prime Minister Shehbaz Sharif said both sides had agreed to cease military operations, with a formal signing ceremony scheduled for Friday in Switzerland.<\/p>\n<p>The agreement is also expected to reopen the Strait of Hormuz on Friday, helping push oil prices down nearly 5% on Monday. Investors will monitor U.S. housing starts and trade price data later Tuesday.<\/p>\n<h3>Upcoming Events:<br \/><\/h3>\n<ul>\n<li>04:30 AM GMT \u2013 AUD Cash rate<\/li>\n<li>Tentative GMT \u2013 JPY Monetary Policy meeting<\/li>\n<\/ul>\n<p>The post <a href=\"https:\/\/www.icmarkets.com\/blog\/tuesday-16th-june-2026-dow-hits-record-high-as-u-s-iran-deal-boosts-market-sentiment\/\">Tuesday 16th June 2026: Dow Hits Record High as U.S.-Iran Deal Boosts Market Sentiment<\/a> first appeared on <a href=\"https:\/\/www.icmarkets.com\/blog\">IC Your Trading Edge | Official Blog<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: \u00a0Asian Stock Markets : Nikkei up 0.59%, Shanghai Composite up 0.06% Hang Seng down 1.25% ASX down 0.21% Commodities : Gold at $4,346.20 (-0.12%) Silver at $69.860 (-0.46%), Brent Oil&hellip;<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432224","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432224"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432224\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}