PARTNERS

INSTITUTIONAL

24/7 SUPPORT

Download App

Market Insights > Daily Market Analysis New

Wall Street Jumps as Iran Peace Hopes, SpaceX Debut Offset Fed Jitters

Published: 12 June 2026,05:57

Daily Market Analysis New

Tags:

Share on:

Table of Contents show

Key Takeaways:

*Optimism surrounding a potential U.S.-Iran peace agreement helped ease geopolitical concerns, driving investors back into U.S. equities market.

*The highly anticipated SpaceX (SPCX) debut generated strong enthusiasm for space technology, AI, and innovation-related sectors, providing an additional catalyst for Wall Street’s advance.

*Despite the bullish momentum, attention now shifts to next week’s Fed meeting. A hawkish stance following recent strong inflation and labor data could limit further upside and keep market volatility elevated.

Market Summary:

Wall Street spiked significantly in the latest session as investors navigated improving geopolitical developments and major corporate news. Comments from President Trump and the United Nations indicating that Iran may sign a peace deal over the coming weekend helped ease tensions in the Middle East, reducing risk aversion and supporting a broad-based rally. This positive sentiment was further amplified by the historic SpaceX IPO, which debuted today on the Nasdaq at $135 per share. The heavily oversubscribed offering generated strong market excitement around space technology, satellite infrastructure, and AI themes, contributing to gains across major indices.

However, uncertainty remains as Iran has stated it has not yet reached a final decision on the agreement, leaving the prospect of a swift resolution in doubt and introducing potential for renewed volatility.

Adding another layer of influence is next week’s Federal Open Market Committee (FOMC) meeting scheduled for June 16-17. Following the recent hotter-than-expected CPI reading of 4.2% and resilient jobs data, markets are anticipating a hawkish tone from the Federal Reserve. Policymakers are likely to acknowledge persistent inflationary pressures — partly fueled by earlier energy shocks — and may maintain a cautious stance on rate cuts. This could limit the extent of any equity rally if the Fed signals a higher-for-longer policy path.

The near-term outlook for Wall Street is constructive yet cautious. Continued progress on the Middle East peace deal and positive reception to the SpaceX listing could sustain upward momentum and push indices toward fresh record highs. However, any setback in negotiations or a firm Fed message next week may cap gains and trigger profit-taking. Traders should monitor headline developments closely over the weekend, with key support near recent lows and resistance at all-time highs. Volatility is expected to remain elevated amid these crosscurrents.

Technical Analysis

Candlestick chart with blue horizontal support lines, an orange downward trendline, and RSI/MACD indicators below.",

Nasdaq, H4

Nasdaq Composite staged a strong recovery in the latest session, surging above its short-term downtrend resistance line near the 29,370.00 level. This breakout represents an encouraging technical development and suggests that a potential bullish trend reversal may be taking shape after a prolonged period of weakness.

The move above the downtrend resistance indicates that buying momentum has strengthened considerably, allowing the index to challenge the prevailing bearish structure. However, while the breakout is constructive, it has yet to fully confirm a sustained trend reversal. The Nasdaq remains below its previous swing high near 29,845.00, meaning that the broader market structure has not yet shifted decisively back in favor of the bulls.

For the bullish scenario to remain valid, it is crucial for the index to hold above the former resistance level at 29,370.00, which has now turned into an important support zone. A successful defense of this level would confirm the breakout and increase the likelihood of a continuation toward higher resistance levels.

Conversely, a failure to maintain support above 29,370.00 would cast doubt on the strength of the recent rally and could indicate that the breakout was premature. In such a scenario, the prevailing bearish pressure may re-emerge, potentially driving the index lower and exposing it to a retest of the critical liquidity zone near 27,400.

Resistance Levels:30,000.00, 30,840.40

Support Levels: 28,695.50, 27,840.10

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

Start trading with deposits as low as $50 on our standard accounts.
Get access to 24/7 support.
Access hundreds of instruments, free educational tools, and some of the best promotions around.

Join Now

Latest Posts

Oil Prices Rise as U.S.–Iran Escalation Revives Supply Disruption Fears

ECB Delivers First Hike in Years, Euro Strengthen

Fast And Easy Account Opening

Create account

1

Register

Sign up for a PU Prime Live Account with our hassle-free process.
2

Fund

Effortlessly fund your account with a wide range of channels and accepted currencies.
3

Start Trading

Access hundreds of instruments under market-leading trading conditions.

Create account

Risk Warning: Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. The use of leverage magnifies both potential profits and losses, meaning you could incur losses greater than your initial deposit. It is important to understand the risks involved and assess whether you can afford to lose your invested capital. When trading CFDs, you do not own the underlying assets and have no rights to them. Past performance is not indicative of future results. The information provided on this website is for general informational purposes only and does not constitute investment advice, recommendation, or solicitation to engage in any investment activities. It does not take into account your personal financial circumstances, investment objectives, or risk tolerance. Any interaction with this website is an individual and voluntary action on the part of the user. The content on this website should not be construed as an invitation to enter into or acquire PU Prime’s financial services and products. Under no circumstances shall the Company be held liable for any loss or damage, in whole or in part, arising from, or in connection with, any CFD trading activities. Please review the legal documents available on our website to ensure that you fully understand the risks associated with CFD trading. If necessary, seek independent advice from qualified professionals.

Regional Restrictions: This information on this website is not intended for distribution to, or use by, any person or entity who is a citizen or resident of the United States, Canada, Singapore, Australia, Iran, China, the Philippines, North Korea, India, Cuba, Cyprus, American Samoa, Guam, the Northern Mariana Islands, or Puerto Rico. It is also not intended for distribution to, or use by, any person or entity located in jurisdictions listed on the FATF “blacklist” or subject to major global sanctions lists, or in any jurisdiction where such distribution or use would violate local laws or regulations.

PU Prime is a trading name for multiple entities operating across various jurisdictions. These following entities are authorised to operate under the PU Prime brand and trademarks.

PU Prime Trading Pty Ltd is an Australian financial services licensee authorised and regulated by the Australian Securities and Investments Commission of Australia under License No. 410681, with its registered address at Suite 103, Level 1, 17 Castlereagh St, Sydney, NSW 2000, Australia. For Australian clients who have onboarded through https://www.puprime.au, the product issuer is PU Prime Trading Pty Ltd.

PU Prime Financial Services LLC is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000388 (Fifth Category: Arrangement and Advice) to conduct introduction and promotion of financial services and financial products. The company’s registered address is The Prime Tower, Office No. 1209, Business Bay, Plot No. 68-0, Makani No. 25836 86879, Dubai, United Arab Emirates.

PU Prime Ltd is an investment dealer authorised and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst, Cybercity Ebene, Mauritius.

PU Prime Limited is regulated by the Financial Services Authority (FSA) of Seychelles, with License No. SD050 and Registration No. 8426654-1. Its registered office is located at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime (Pty) Ltd is a licensed Financial Services Provider (FSP No. 52218) authorised and regulated by the Financial Sector Conduct Authority ("FSCA") of South Africa. PU Prime (Pty) Ltd is neither the issuer nor the market maker of the derivative products made available through the FSP. It acts solely as an intermediary, as contemplated in the Financial Advisory and Intermediary Services Act, 2002 ("FAIS Act"), between clients and PU Prime Ltd (the "Product Provider"), and its services are limited to the provision of intermediary services in relation to derivative products issued by the Product Provider. Accordingly, PU Prime (Pty) Ltd does not act as principal, issuer, market maker or counterparty in any client transaction. Registered Office: 18 Cavendish Road, Claremont, Cape Town, Western Cape 7708, South Africa.

P.U.P. Integrated Services Limited is a company incorporated in the United Kingdom under Company Registration No. 17424116, with its registered address at C/O Greenwoods Legal Services Limited, Queens House, 55–56 Lincoln’s Inn Fields, London, United Kingdom, WC2A 3LJ. P.U.P. Integrated Services Limited provides administrative payment facilitation services on behalf of the relevant licensed entities within the PU Prime Group. It does not offer regulated financial products, provide trading services or hold itself out as a regulated payment services provider.

PU Prime Ltd, incorporated in the Republic of Seychelles, is a securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime Limited, incorporated in the Republic of Seychelles, is a securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime (CY) Limited is registered in the Republic of Cyprus under registration number HE414308. Its registered office is located at Archiepiskopou Makariou III, 160-1st floor, 3026, Limassol, Cyprus. PU Prime (CY) Limited facilitates services for the licensed and regulated entities within the PU Prime Organizational Structure, including but not limited to payment services. These services do not involve the use of any trading terminals.