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Stock Market Rallies On Iran Deal Despite Hawkish Fed; SpaceX Backs Off Highs: Weekly Review

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11:46 AM ET 06/18/2026

The stock market rebounded on the U.S.-Iran deal in volatile fashion in a holiday-shortened week. Strong gains Monday and Thursday offset declines in between. A hawkish shift for the Federal Reserve, now led by Kevin Warsh, sent Treasury yields and the dollar higher on Wednesday. SpaceX (SPCX) rose for the week but is off highs, while also making a big…