Stocks rally on Wall Street as oil prices drop due to Iran's limited missile response

From Nasdaq: 2025-06-23 15:14:00

Wall Street rallied after Iran’s symbolic missile strike on a U.S. air base in Qatar, with the S&P 500 up nearly 1%. Oil prices fell below $70, easing inflation concerns and weakening the dollar. Federal Reserve officials hinted at a possible rate cut in July, boosting market optimism and lowering bond yields. Investors remain cautious about ongoing geopolitical risks in the Middle East.



Read more at Nasdaq: Stocks Surge (SPY) as Oil Prices Plunge on Iran’s Limited Missile Response