CNBC Business News Update - Market Close: Stocks Higher, Dow Closes At Record High, Nasdaq Up 3%, SpaceX Shares Up 19% 6/15/26

Episode Date: June 15, 2026

CNBC Business News Update with Jessica Ettinger - market numbers and news featuring CNBC expert analysis and sound from top business names. Visit https://www.cnbc.com/ for more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger. CNBC, Wall Street opens Tuesday morning after a rally for stocks on a diplomatic breakthrough with Iran. Oil prices dropping to their lowest level since early March onward the Strait of Horm moves could open quickly. The Dow closing at a new all-time high. The Dow was up 468 points, 9 tenths of a percent. Boeing shares let it higher. They were up four and a half percent. The S&P 500 index added 122. points. That was one and a half percent. The NASDAQ soared up 795 points. That was more than 3 percent. Companies who shares at fresh all-time highs on Monday include concert company Live Nation, Hilton and Marriott, United and Delta Airlines, FedEx Johnson Controls, Applied Materials, AMD, Micron, Jabil, and Seagate. When I look at the leaderboard, all I'm seeing are memory,

data center stocks, infrastructure for data center stocks. And this is really what people have been waiting for. They want to see some resolutions so they can get back to what the prior trend was. And this obviously is what the prior trend has been all year. Ridholz-Welts, Josh Brown on CNBC. The U.S. and Iran will officially sign a so-called framework of a 60-day peace pause at the end of the week, as both sides then can begin to negotiate a possible end of the war. Iran's nuclear program is still to be discussed.

Vice President J.D. Vance appeared on CNBC said a lot of the details are left to be figured out, but the U.S. is holding all the cards. That's fundamentally the choice the Iranians have to make. Do they want access to the world economy? If so, they're going to have to give up the long-term nuclear ambition. If they don't want access to the world economy and they don't give up that ambition, they're never going to have the resources to rebuild it from where it is today. So it's a big win for the American people. And I think the Iranians fundamentally have a good choice here in front of them, whether to be a normal country or whether to be a country that continues to be to pursue a nuclear weapon, which they now have no capacity to do. CNBC's Brian Sullivan adds this note. The president of Iran, Peschian, is the one that we're negotiating with.

But there's another guy named G, Mohamed Ghalybov, sometimes spelled the G, sometimes the Q. He reports to the Ayatollah Khomeini's son, who's. alive but injured but getting better. They may have different ideas. That's why you've seen contradictory headlines. My sources in the Middle East are very, very good. And there are multiple people in Iran that may want to take control. Let's hope this holds. SpaceX shares up more than 13% on Monday, its first full day of trading after last Friday's debut and a 19% pop from its IPO price, the initial public offering. Not all investors think everything's all roses. with SpaceX right now, though.

I think in the short term, the business is very dependent on what happens to Starlink, and the metrics haven't been looking that great so far this year. The revenue per user fell quite dramatically in the first quarter. SpaceX has actually been raising the prices for Starlink in the last couple of months. That suggests that revenues falling a little bit short of expectations. TMF Associates Tim Ferrar on CNBC. SpaceX shares are being fast-tracked. into the NASDAQ 100, and they should be added 15 business days after the IPO.

This means sometime around July 1st. On Tuesday's watch list, the Fed begins a two-day meeting on interest rates under new chairman President Trump's pick Kevin Warsh. Jessica Eddinger, CNBC.