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Published: 16 June 2026,08:41
Daily Market Analysis New
*Wall Street rallied sharply as easing U.S.–Iran tensions and falling oil prices fueled a broad risk-on sentiment.
*Nasdaq outperformed with gains of over 3%, driven by strong buying in technology, semiconductor, and AI-related stocks.
*Lower crude oil prices improved the inflation outlook, boosting expectations that interest rates may remain stable.
Wall Street staged a broad-based relief rally following news of the U.S.–Iran framework agreement, as investors embraced a stronger risk-on environment driven by easing geopolitical tensions and sharply lower oil prices. The Nasdaq surged more than 3%, marking its strongest daily gain in months, while the S&P 500 advanced around 1.6% and the Dow Jones Industrial Average climbed nearly 1%, reaching fresh record highs. The decline in energy prices significantly improved the inflation outlook, encouraging investors to rotate into growth-oriented sectors on expectations that lower fuel costs could ease pressure on consumers, businesses, and monetary policymakers.
Technology stocks led the advance, with semiconductor companies and AI-related names posting particularly strong gains as investors viewed falling oil prices as reducing the likelihood of renewed inflation-driven policy tightening. Major chipmakers rallied sharply, helping push the semiconductor index to record levels, while continued enthusiasm surrounding recent high-profile listings such as SpaceX further boosted sentiment across the Nasdaq. At the same time, airlines, cruise operators, and other transportation-related companies benefited from expectations of lower fuel costs, whereas energy producers underperformed as declining crude prices weighed on profit expectations.
Beyond the immediate geopolitical relief, investors are increasingly shifting their attention toward central bank policy. Markets broadly expect the Federal Reserve to keep interest rates unchanged at its upcoming meeting, but officials’ economic projections and forward guidance remain critical after recent inflation concerns tied to higher energy prices. The drop in crude prices could reduce pressure on policymakers by improving the inflation outlook, reinforcing hopes that borrowing costs may remain stable rather than move higher. Nevertheless, optimism remains tempered by the fact that the U.S.–Iran agreement has yet to be fully implemented, with several major issues still under negotiation and uncertainty over how quickly global oil flows can normalize. Consequently, while Wall Street fundamentals currently favor continued strength through improved risk sentiment and easing inflation fears, market direction in the coming sessions is likely to be shaped by Federal Reserve communication and further developments surrounding the implementation of the peace agreement.
Technical Analysis
Nasdaq, H4:
Nasdaq continues to trade within a well-established bullish trend after successfully recovering from the recent pullback that briefly pressured the index below the 30,000 psychological level. Following the correction, buyers quickly regained control near the 28,430 support region, allowing price to rebound sharply and retest the upper portion of the broader uptrend structure. The index is now trading back above the 78.6% Fibonacci retracement level at 29,955 and is approaching the recent record high area near 30,540, highlighting the resilience of underlying bullish sentiment.
The strong recovery from the June pullback suggests that market participants remain confident in the broader uptrend, with the former resistance zone around 29,955 now acting as an important support level. The ability of buyers to defend higher lows and rapidly reclaim lost ground reinforces the constructive market structure and keeps the focus on a potential continuation toward fresh all-time highs.
Momentum indicators are also beginning to support the bullish outlook once again. The Relative Strength Index (RSI) has rebounded above the 60 level after recovering from oversold conditions, indicating that buying momentum is strengthening without yet reaching overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) has completed a bullish crossover and is turning higher from negative territory, while the histogram has shifted back into positive territory, suggesting that upside momentum is reaccelerating following the recent correction.
Resistance Levels: 31,895.00, 34,365.00
Support Levels: 29,955.00, 28,430.00
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