Markets surged across the board on Tuesday, June 24, with the S&P 500, Nasdaq, Dow, and Russell 2000 all posting solid gains. The rally was fueled by easing geopolitical tensions following a Trump-announced ceasefire between Iran and Israel, along with renewed strength in tech and semiconductor stocks.
Technology led the way, while the energy sector lagged as oil prices slumped.
Big movers included NU Holdings (+8.79%), AMD (+6.83%), and Robinhood (+7.41%), while Tesla and Apple saw modest declines.
In the options market, traders showed bullish conviction, especially in SPY, QQQ, and NVDA contracts. The VIX dropped over 11%, signaling lower market volatility.
Crypto rallied alongside equities, with Bitcoin rising to $105,697 and Ethereum jumping to $2,436.
Plus, a quick look at what’s on deck for Wednesday, including earnings from Micron (MU).
🎧 Tune in now to stay ahead of the markets with Lee on the Daily Market Lens.
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