S&P 500 Futures Rally as Trump Unveils Iran Peace Deal

Trump announces framework peace deal with Iran, oil tumbles and stock futures surge President Trump confirmed a peace framework with Iran over the weekend, paving the way to reopen the Strait of Hormuz. The easing of geopolitical tension sent crude oil sharply lower and boosted S&P 500, Dow and Nasdaq futures early Monday, with the S&P 500 ETF (SPY) rising 0.54% on the session. 1234

All eyes on Fed meeting and Chair Warsh's debut as inflation fears mount The Federal Reserve begins its June 16-17 policy meeting with the new Chair Kevin Warsh facing a difficult balancing act between resurgent inflation (CPI 4.2%) and White House pressure to cut rates. Markets expect rates to stay at 3.50-3.75%, but the policy statement and Warsh's first press conference will be scanned for any shift toward a hawkish hold. 567

Intel jumps 6.5% after Bank of America double-upgrade to Buy on foundry and AI chip optimism Bank of America upgraded Intel from Underperform to Buy and raised its price target to $135, citing higher confidence in Intel's opportunity to address leading-edge wafer and packaging constraints and to supply a larger agentic CPU market. The stock traded around $124.57, gaining about 6.5%, amid broader AI chip demand excitement. 389

SpaceX trades near $161 in first full week after IPO, Musk touts trillion-dollar revenue goal SpaceX Class A shares (SPCX) hovered around $160.95, well above the $135 IPO price, as Elon Musk predicted revenue could exceed $1 trillion by 2031. The stock began trading on June 14, and options may launch as early as Tuesday, introducing new volatility drivers for the newly public space company. 1011