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Stock Market Today: Dow Wavers and Dollar Gains After U.S. Strikes Iran; Oil Price Remains Steady

maria
June 24, 2025
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📈 Stock Market Today: Dow Wavers and Dollar Gains After U.S. Strikes Iran; Oil Price Remains Steady

Following a dramatic escalation in geopolitical tensions, the global financial markets reacted swiftly to the U.S. airstrikes on Iran's nuclear sites. As expected, volatility was high — but surprisingly, the market settled into a cautious optimism, with investors interpreting Iran’s response as measured and restrained. This perception sent major stock indices higher and calmed fears of a prolonged disruption in global oil supplies.


📰 Market Reaction: Dow Rebounds, Nasdaq Climbs

The Dow Jones Industrial Average initially surged over 350 points and later settled with a gain of over 200 points, equivalent to a 0.66% rise, reversing earlier overnight losses. Similarly, the S&P 500 and the Nasdaq Composite both advanced 0.7% and 0.8%, respectively. The market’s upward trajectory suggests that investors view the U.S.-Iran conflict not as a prolonged escalation, but a temporary flare-up with limited economic fallout.

This optimism was echoed in trading volume and momentum, with large-cap stocks leading the rally. Companies across sectors showed resilience, with minimal impact from the geopolitical headlines, especially in energy and tech.


💵 Dollar Strengthens Amid Geopolitical Uncertainty

In times of global tension, the U.S. dollar often acts as a safe haven — and this time was no different. The dollar climbed steadily against major currencies, reflecting investors’ flight to stability amid concerns about the Middle East conflict.


🛢️ Oil Prices Stay Surprisingly Stable

Despite the initial shock of military action and Iran’s parliament pushing to close the Strait of Hormuz — a key chokepoint for global oil and gas transport — oil prices did not spike as many feared. Instead, crude prices fell sharply:

  • WTI crude fell 2.9%, to around $65.60 per barrel.

  • Oil slipped approximately $3 per barrel on Monday alone.
  • This decline suggests markets are betting on continued flow through the Strait, or at least that Iran’s response won’t severely disrupt oil exports.


    🕊️ Ceasefire Declared, But Tensions Simmer

    Former President Donald Trump announced on Truth Social:

    _"THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!"_

    However, reports of continued attacks by both Israel and Iran cast doubt on the truce’s durability. Trump has also cautioned Israel against violating the agreement, indicating that the situation remains volatile and could change rapidly.


    💬 Expert Commentary: A Short-Term Disruption?

    Financial experts, including The Kobeissi Letter and Jim Cramer, note that markets may be pricing in the conflict as a short-term geopolitical event rather than the start of a larger war. Investors are focusing on fundamentals like inflation, interest rates, and corporate earnings rather than external shocks.


    📊 Broader Indicators

    Other notable indicators from this week:

  • Gold gained value as a safe-haven asset amid uncertainty.

  • Bitcoin rallied back above $105,000, signaling crypto’s growing role in turbulent times.

  • The 10-year Treasury yield rose slightly to 4.33%, indicating mixed sentiment on future rate movements.

  • 🔮 Looking Ahead

    As markets digest this geopolitical episode, attention will return to domestic economic signals. The Fed’s interest rate policy, inflation expectations, and employment data will remain crucial.

    But one thing is clear: in today’s hyper-connected world, geopolitical developments have immediate market implications — and investor sentiment can pivot quickly based on perceived risk.


    📚 Sources

  • [Fox Business](https://www.foxbusiness.com/live-news/oil-stocks-gold-in-play-after-trump-strikes-iran-nuclear-sites-live-updates)

  • [Yahoo Finance](https://finance.yahoo.com/news/adm-longstanding-dividend-payer-agriculture-021522247.html)

  • [Investor’s Business Daily](https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-trump-ceasefire-powell/)

  • [CNBC](https://www.cnbc.com/2025/06/23/why-cramer-thinks-wall-street-is-actually-going-higher-after-the-us-bombed-iran.html)

  • [Fortune](https://fortune.com/2025/06/23/iran-strait-of-hormuz-trump-stagflationary-oil-inflation-russias-ukraine-invasion-fed-prices-tariffs/)

  • Tags: #StockMarket #DowJones #OilPrices #IranStrikes #Geopolitics #MarketNews #Gold #Bitcoin

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