S&P 500, Nasdaq, Dow Futures Retreat After Rally Fueled By SpaceX, US-Iran Deal As Fed Meeting Looms: TSLA, PLAY, FISV In Focus

Aashika Suresh

Mon, June 15, 2026 at 9:55 PM EDT 5 min read

• U.S. markets on Monday were largely focused on the breakthrough U.S.-Iran deal that will end hostilities in the Middle East and reopen the Strait of Hormuz.

• SpaceX was also in focus as the Musk-led company surged on Monday, extending its post-debut rally last week.

• Markets will be tuned into the first Federal Reserve meeting under new chair Kevin Warsh later this week.

U.S. stock futures retreated in the overnight session late Monday after jumping to records on investor optimism driven by the U.S.-Iran peace deal and SpaceX’s continued rally.

Meanwhile, markets are looking forward to the first Federal Reserve meeting under new Chair Kevin Warsh later this week to provide cues on the country’s economic health.

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Dow futures were flat, S&P 500 futures fell about 0.12%, while Nasdaq 100 futures traded 0.24% lower as of 9.25 p.m ET.

Among ETFs tracking benchmark indexes, the SPDR S&P 500 ETF (SPY), the Invesco QQQ Trust (QQQ) and the SPDR Dow Jones Industrial Average ETF Trust (DIA) all traded in the red.

The iShares 20+ Year Treasury Bond ETF (TLT) was trading 0.14% lower amid ‘bearish’ sentiment at the time of writing.

How Did US Markets Fare On Monday?

On Monday, all three benchmark indexes closed higher, with the Dow surging to a record and the Nasdaq jumping to its best session since March 31.

The 30-stock Dow index also jumped to a new all-time intraday high before gaining more than 460 points to close up 0.92%. Meanwhile, the S&P 500 climbed 1.65% at close, and the Nasdaq index jumped 3.07%.

US Market Drivers

U.S. markets on Monday focused on the breakthrough U.S.-Iran deal that will end hostilities in the Middle East and reopen the Strait of Hormuz, easing pressure on global energy supplies.

Late Sunday, U.S. President Donald Trump confirmed in a post on Truth Social that a deal with Iran had been finalized and that the critical waterways would open soon after the official signing, expected in Switzerland on June 19. A senior official had confirmed to CNBC that the deal had already been signed electronically.

Even as stock markets jumped, oil prices declined on Monday. “Markets are higher on a classic relief rally. We have a U.S.-Iran deal that’s driving oil sharply lower. This is easing inflation fears and basically pushing investors back into risk assets like technology,” Gene Goldman, chief investment officer at Cetera Investment Management, in El Segundo, California, told Reuters.