US markets, specifically the S&P 500 and Nasdaq, rebounded on Thursday, recovering mid-week losses, primarily driven by chip stocks following the formal signing of a peace deal between the US and Iran.

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Wall Street, Strait of Hormuz

Who

US, Iran, Donald Trump, Accenture, Intel, Apple, Nvidia, AMD, Micron, Cognizant, Capgemini, Infosys, BMO Capital Markets (Ian Lyngen)

What

US markets, specifically the S&P 500 and Nasdaq, rebounded on Thursday, recovering mid-week losses, primarily driven by chip stocks following the formal signing of a peace deal between the US and Iran.

When

Thu, 18 Jun 2026 20:00:00 GMT · 15h 15m ago

Where

Wall Street, Strait of Hormuz ·

Why

The formal signing of a peace deal between the US and Iran, leading to the reopening of the Strait of Hormuz and easing inflationary concerns, along with an announcement of Intel and Apple collaborating on US semiconductor production, drove market gains, while Accenture's poor results caused consultancy stock declines.

The Frontline Impact

How this affects you

US markets experienced a significant rebound, with major indices recovering losses and chip stocks surging, while oil prices declined and longer-dated Treasury yields fell due to eased inflationary concerns.

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