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Week In Perspective | U.S.-Iran Agreement Sends Oil Tumbling, Stocks Rising [22-June-26] Thumbnail

Week In Perspective | U.S.-Iran Agreement Sends Oil Tumbling, Stocks Rising [22-June-26]

Market Insights

Updated: 06-22-2026

The Week on Wall Street

Stocks rose over the shortened trading week as investors digested developments in the Middle East while the Fed held short-term rates steady.

The Standard & Poor’s 500 Index rose 0.93 percent through Thursday’s close, while the Nasdaq Composite Index gained 2.43 percent. The Dow Jones Industrial Average climbed 0.71 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, advanced 0.96 percent over the same four-day period.1,2

Dow Hits 52,000

The week began with stocks rising and oil prices falling after the White House announced that the U.S. and Iran had reached an agreement over the weekend.

All three major averages climbed on Monday, ranging from 1 to 3 percent gains, while crude prices declined by roughly 5 percent.3

Tuesday was a split-screen performance. The Dow Jones Industrials rose to a record intraday high as oil prices fell, while the S&P 500 and Nasdaq slipped as investors rotated out of tech and into cyclical stocks such as banks and industrials. The Dow Industrials crossed the 52,000 threshold for the first time.4

The S&P and Nasdaq opened higher midweek as tech stocks recovered, and amid news that consumer spending unexpectedly rose in May. Investors also appeared to be in a risk-on mood as they awaited the Fed decision, confident that the Federal Open Market Committee (FOMC) would hold rates steady.5

Then, on Thursday, stocks rebounded, led by chipmakers and the AI trade. The S&P 500 capped its 11th winning week of the past 12.6

Fed Holds, Hints at Future Hike

As expected, the Fed held rates steady at its June meeting, keeping the Fed Funds Rate at a 3.5 to 3.75 percent target range.

This was the first FOMC meeting with newly minted Fed Chair Kevin Warsh. The Fed acknowledged the tick up in inflation this year, and Warsh reemphasized the Fed’s goal of a 2 percent inflation rate at the post-meeting press conference.7

This Week: Key Economic Data

Tuesday: Purchasing Managers Index (PMI)—Services. Purchasing Managers Index (PMI)—Manufacturing.

Wednesday: New Home Sales. Leading Economic Indicators.

Thursday: Weekly Jobless Claims. Personal Consumption Expenditures (PCE) Index. Durable Goods. Gross Domestic Product (GDP)—Q1 revision. Chicago Fed President Austan Goolsbee speaks.

Friday: Trade Balance in Goods. Retail Inventories. Wholesale Inventories. Consumer Sentiment.

Source: Investor’s Business Daily - Econoday economic calendar: June 18, 2026.

The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings

Tuesday: FedEx Corporation (FDX)

Wednesday: Micron Technology, Inc. (MU)

Source: Zacks, June 18, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

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  1. https://www.wsj.com/market-data
  2. https://www.investing.com/indices/msci-eafe
  3. https://www.cnbc.com/2026/06/14/stock-market-today-live-updates.html
  4. https://www.cnbc.com/2026/06/15/stock-market-today-live-updates.html
  5. https://www.wsj.com/livecoverage/fed-meeting-warsh-interest-rate-06-17-2026
  6. https://www.cnbc.com/2026/06/17/stock-market-today-live-updates.html
  7. https://www.wsj.com/economy/central-banking/federal-reserve-interest-rate-decision-bd700510






This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.