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Markets2h 9m ago

Oil prices sank below $80 per barrel for the first time since early March, while U.S. stocks showed mixed trading with the Dow setting a record and tech stocks pulling the Nasdaq down.

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New York, Tokyo, Europe, mainland China

Who
U.S. stocks, Dow Jones Industrial Average, Nasdaq composite, Nvidia, Broadcom, Micron Technology, Dave & Buster’s Entertainment, Robinhood Markets, SpaceX, Yum Brands, LongRange Capital, Yum China Holdings, Kevin Warsh, Donald Trump, Federal Reserve, Bank of Japan, European Central Bank
What
Oil prices sank below $80 per barrel for the first time since early March, while U.S. stocks showed mixed trading with the Dow setting a record and tech stocks pulling the Nasdaq down.
When
Wed, 17 Jun 2026 03:06:30 GMT · 2h 9m ago
Where
New York, Tokyo, Europe, mainland China ·
Why
Oil prices dropped due to optimism about a tentative U.S.-Iran deal on their war, while U.S. stock market shifts were largely influenced by 'vicious swings' in AI-related technology stocks and ongoing concerns about interest rates.
The Frontline Impact

How this affects you

The drop in oil prices could alleviate global inflation concerns, but continued volatility in key tech stocks, particularly those tied to AI, indicate market uncertainty. Central bank actions and impending Federal Reserve decisions highlight ongoing global economic adjustments.

Story chain

36 events in this thread
  1. Markets35m ago
    Flight Centre downgraded its earnings for the current financial year due to the Mideast conflict but now expects an earnings tailwind from a possible US-Iran peace deal and raised travel advice for the Middle East.
    Open article
  2. Markets52m ago
    Indian equity markets opened higher on Wednesday, with the Nifty crossing the 24,000 mark and the Sensex gaining around 100 points, supported by optimism surrounding the proposed US-Iran peace framework and easing crude oil prices.
    Open article
  3. Markets1h 18m ago
    Indian stock markets are trading higher today, with the Sensex and Nifty extending their gains for the fourth consecutive session, fueled by a recent Iran-US deal framework and a significant drop in oil prices.
    Open article
  4. Markets2h 9m ago
    Oil prices sank Tuesday, dropping below $80 per barrel for the first time since early March, while the S&P 500 slipped 0.6% and the Nasdaq composite fell 1.2%.
    Open article
  5. Currently Reading2h 9m ago
    Oil prices sank below $80 per barrel for the first time since early March, while U.S. stocks showed mixed trading with the Dow setting a record and tech stocks pulling the Nasdaq down.
  6. Markets2h 9m ago
    Oil prices sank Tuesday, dropping below $80 per barrel for the first time since early March, while U.S. stocks saw mixed trading with the Dow Jones Industrial Average setting a record but the Nasdaq composite falling due to influential tech stocks.
    Open article
  7. Markets3h 43m ago
    Major U.S. indexes closed mixed on Tuesday, with the Dow Jones Industrial Average gaining 0.6% while the S&P 500 slipped 0.57% and the Nasdaq fell 1.15%.
    Open article
  8. Markets3h 43m ago
    Major U.S. indexes closed mixed on Tuesday, with the Dow Jones Industrial Average gaining 0.6% to 51,999.67.
    Open article
  9. Markets3h 43m ago
    Major U.S. indexes closed mixed on Tuesday, with the Dow Jones Industrial Average gaining 0.6% to 51,999.67, the S&P 500 slipping 0.57% to 7,511.35, and the Nasdaq falling 1.15% to 26,376.34.
    Open article
  10. Markets4h 2m ago
    Global stocks have seen impressive gains this year, with Japan’s Nikkei 225 up over 37% and South Korea’s Kospi up 102%, while oil prices have fallen nearly 30% since early May.
    Open article
  11. Markets4h 2m ago
    Oil prices fell nearly 30% since their early May peak and were last marked just north of $80 a barrel in early Tuesday trading as investors adjust their bets heading into the newly agreed U.S.-Iran cease-fire terms.
    Open article
  12. Markets4h 3m ago
    The Indian stock market extended its winning streak for a third consecutive session on Tuesday, June 16, buoyed by investor optimism following the US-Iran peace agreement and the resulting drop in crude oil prices.
    Open article
  13. Markets4h 45m ago
    Indian markets could see a moderate rerating if a potential US–Iran memorandum of understanding leads to de-escalation of tensions in West Asia, according to a Kotak Institutional Equities report.
    Open article
  14. Markets4h 45m ago
    Indian markets could see a moderate rerating due to expectations of better macro and broader earnings resilience if a potential US–Iran memorandum of understanding de-escalates West Asian tensions and moderates global oil and gas prices.
    Open article
  15. Markets5h 9m ago
    Flight Centre expects an 'earnings tailwind' in 2026/27 due to a peace deal between the US and Iran, despite downgrading its 2025/26 earnings forecast.
    Open article
  16. Markets5h 37m ago
    Oil prices plunged about 9 percent in two days after the U.S. and Iran reached an agreement to end their war and reopen the Strait of Hormuz.
    Open article
  17. Markets5h 37m ago
    Oil prices plunged on Tuesday, bringing the two-day drop to about 9 per cent, after the United States and Iran reached an agreement on Sunday to end their war and reopen the Strait of Hormuz.
    Open article
  18. Markets5h 37m ago
    Oil prices plunged again Tuesday, bringing the two-day drop to about 9 per cent after the United States and Iran reached an agreement on Sunday calling for an end to their war and the reopening of the Strait of Hormuz.
    Open article
  19. Markets5h 37m ago
    The Dow Jones gained nearly 300 points on Tuesday, while the S&P 500 declined 0.6% and the Nasdaq fell 1.2%.
    Open article
  20. Markets5h 37m ago
    The Dow Jones gained nearly 300 points on Tuesday, reaching a new record high, while the S&P 500 declined 0.6% and the Nasdaq fell 1.2% due to profit-booking in chip stocks.
    Open article
  21. Markets5h 42m ago
    Asian stocks are set to decline, tracking Wall Street's losses as investors anticipate the Federal Reserve policy decision and a forthcoming US-Iran interim peace agreement.
    Open article
  22. Markets5h 42m ago
    Equity-index futures for Japan, South Korea and Australia pointed to losses at the open, while contracts for Hong Kong edged higher.
    Open article
  23. Markets7h 8m ago
    Oil prices fell below $80 per barrel for the first time since March, while US stocks showed mixed performance with the Dow Jones Industrial Average setting a record for the second straight day, and the Nasdaq composite falling 1.2% due to tech stock declines.
    Open article
  24. Markets7h 8m ago
    Oil prices fell below $80 per barrel for the first time since early March due to hopes of a US-Iran deal, while US stocks were mixed with the Dow Jones Industrial Average setting a record and the Nasdaq composite declining by 1.2% due to a selloff in AI tech stocks.
    Open article
  25. Markets7h 8m ago
    Oil prices fell below $80 per barrel for the first time since early March due to hopes of a US-Iran deal reopening the Strait of Hormuz, while US stocks showed mixed trading with the Dow Jones Industrial Average setting a new record and the Nasdaq composite falling 1.2%.
    Open article
  26. Markets7h 8m ago
    Oil prices fell below $80 per barrel for the first time since early March due to optimism about a potential US-Iran deal, while US stocks were mixed, with the Dow setting a new record and the Nasdaq falling 1.2% due to a tech selloff.
    Open article
  27. Markets7h 8m ago
    Oil prices fell below $80 per barrel for the first time since early March on Tuesday, as US stocks showed mixed trading with the Dow Jones Industrial Average setting a new record and the Nasdaq composite declining due to drops in influential tech stocks.
    Open article
  28. Markets7h 10m ago
    Oil prices sank below $80 per barrel for the first time since early March, while U.S. stocks showed mixed performance on Tuesday with the Dow Jones Industrial Average setting a record for the second straight day.
    Open article
  29. Markets7h 10m ago
    Oil prices dropped below $80 per barrel on Tuesday for the first time since early March, while U.S. stocks saw mixed trading with the Dow Jones Industrial Average setting a record and the Nasdaq composite falling.
    Open article
  30. Markets7h 40m ago
    President Trump and Iran say an agreement has been reached to end the war and reopen the Strait of Hormuz.
    Open article
  31. Markets8h 14m ago
    Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-peace-deal slide.
    Open article
  32. Markets8h 41m ago
    Stock indexes settled mixed on Tuesday, with the S&P 500 Index closing down -0.57% and the Nasdaq 100 Index closing down -1.89%, while the Dow Jones Industrial Average closed up +0.64% to a new all-time high.
    Open article
  33. Markets8h 41m ago
    Stock indexes settled mixed on Tuesday, with the Dow Jones Industrials posting a new all-time high while the S&P 500 and Nasdaq 100 closed lower.
    Open article
  34. Markets9h 11m ago
    Stocks saw mixed results on Tuesday as the Dow Jones Industrial Average gained 0.64%, while the S&P 500 fell 0.57% and the Nasdaq Composite declined by 1.15%.
    Open article
  35. Markets9h 11m ago
    Stocks saw mixed results on Tuesday, with the Dow Jones Industrial Average gaining 0.64% while the S&P 500 fell 0.57% and the Nasdaq Composite declined by 1.15%, largely due to chipmaker losses.
    Open article
  36. Markets9h 11m ago
    Stocks saw mixed results on Tuesday, with the Dow Jones Industrial Average gaining 0.64%, while the S&P 500 fell 0.57% and the Nasdaq Composite declined by 1.15% due to chipmakers.
    Open article

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