US Stocks Surge as Canceled Iran Strikes Ease Market Fears
New York, Thursday, 11 June 2026.
Canceled US military strikes on Iran sparked a major Wall Street rally on June 11, 2026, driving tech stocks higher and instantly slashing oil prices by nearly 4%.
A Swift Reversal in Market Sentiment
Just 24 hours after US equities suffered a massive sell-off driven by three-year high inflation and escalating Middle East conflicts, Wall Street experienced a dramatic resurgence [GPT]. On June 11, 2026, the Nasdaq Composite surged 1.7 percent, the Dow Jones Industrial Average recovered 1.6 percent, and the S&P 500 climbed 1.2 percent [1]. This sharp reversal halted a two-day slide and was largely catalyzed by sudden geopolitical de-escalation [2].
Energy Markets and Yields Retreat
The de-escalation had an immediate deflationary effect on energy commodities, which had been roiled by Iran’s earlier claims that the critical Strait of Hormuz was closed to traffic [3]. Consequently, West Texas Intermediate (WTI) crude dropped 3.7 percent to $86.60 per barrel, while Brent crude fell 3.8 percent to $89.60 per barrel [1]. This represented a stark contrast to earlier volatility where oil futures had briefly rebounded into the mid-to-low $90s range [4]. Easing inflationary pressures from falling oil prices also rippled into the bond market, driving the 10-year Treasury yield down by 0.08 percentage points to below 4.48 percent [1].
Technology Sector Rebounds as AI Appetite Grows
With macroeconomic fears momentarily sidelined, investors aggressively bought the dip in technology equities. A key gauge of semiconductor manufacturers rallied 5 percent [2]. Specific artificial intelligence-linked stocks that had suffered the previous day saw substantial recoveries; AMD, Marvell, and Micron posted gains ranging from 2.5 percent to 6.5 percent, while Super Micro Computer rose 3 percent [1].
Anticipating Historic Market Milestones and Trade Shifts
As markets stabilize, institutional and retail focus is rapidly shifting toward upcoming catalysts. On Friday, June 12, 2026, SpaceX is scheduled to make its highly anticipated debut on the Nasdaq under the ticker “SPCX” [1]. The aerospace manufacturer is targeting a staggering valuation near $1.8 trillion, with retail orders already exceeding $70 billion, marking a major test of market liquidity and risk appetite [1][2]. Meanwhile, broader economic policies remain in flux. President Trump stated on June 10 that the United States will not renew the United States-Mexico-Canada Agreement (USMCA), citing a lack of necessity for Canadian or Mexican imports [1]. This could introduce new layers of complexity for North American supply chains in the coming months [alert! ‘Forward-looking economic assessment based on pending trade policy changes’].