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Trump Says US Close To Iran Deal, Stocks Rally & Oil Falls | Closing Bell
Posted
June 11, 2026
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10:09Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Wall Street powered a rally in stocks as oil sank after President Donald Trump signaled the US is close to a deal with Iran, fueling hopes for an end to the war that has roiled global markets.
Equities halted a two-day drop, with the S&P 500 climbing 1.8%. In late hours, US oil slid to around $86, easing worries about inflation and sinking bond yields. A closely watched gauge of chipmakers jumped nearly 8%. SpaceX raised $75 billion, making history with the biggest-ever IPO.
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