Dow Keeps Rolling
June 16,2026 12:06 PM EST
The Dow Jones Industrial Average rose on Tuesday, while SpaceX built on its monster post-IPO rally, after the index climbed to a fresh record during the previous session thanks to a potential deal between the U.S. and Iran.
The 30-stock was propelled higher 456.75 points midday Tuesday to 52,127.78, supported by Goldman Sachs and Caterpillar. The blue-chip index scored a new all-time intraday high.
The S&P 500 index dipped 12.68 points to 7,541.61.
The NASDAQ fell 137.25 points to 26,325.65.
SpaceX popped 10%, adding to its sharp gains since going public last week. With its gains, SpaceX had at one point surpassed both Microsoft and Amazon in market cap during the session. The company priced its initial public offering at $135. It last traded around $212.
Pakistani Prime Minister Shehbaz Sharif said that both sides have declared the termination of their military operations on all fronts, with an official signing ceremony to take place this Friday in Switzerland.
A senior Trump administration official told media outlets that the memorandum of understanding was already signed electronically on Sunday.
Prices for the 10-year Treasury gained ground, lowering yields to 4.43% from Monday’s 4.47%. Treasury prices and yields move in opposite directions.
Oil prices weakened $4.01 to $76.74 U.S. a barrel.
Gold prices withered $8.30 to $4,343.30 U.S. an ounce.
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