Live Nasdaq Composite: Stocks Surge as Tech Leads Gains on Iran-U.S. Truce

By Gerelyn Terzo Published Jun 15, 9:29AM EDT

Quick Read

A U.S.-Iran truce sparked a broad market rally, with the Nasdaq surging 2% and oil easing to the low $80s.
Fox Corp's $22 billion Roku acquisition sent FOX shares down 8%, while SpaceX climbed another 6%, pushing its valuation to $2 trillion.
TD Cowen more than doubled its Micron price target to $1,500, citing rising DRAM demand and projected 2027 EPS of $150.
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Nvidia to Tap Debt Capital Markets

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Nvidia (Nasdaq: NVDA) is moving to raise $20 billion via a seven-part U.S. bond offering, a sizable capital raise that adds to the wave of major corporate financial activity dominating the start of the week.

This article will be updated throughout the day, so check back often for more daily updates.

Nasdaq futures led the market’s risk-on rally Monday, surging 2.2% after President Trump announced that the U.S. and Iran had reached an agreement to end their conflict, with a formal memorandum of understanding set to be signed Friday in Switzerland. The tech-heavy gauge outpaced both the Dow, up 527 points or 1%, and the S&P 500, which climbed 1.4%, as the news of de-escalation rippled through global markets. Both WTI and Brent Crude prices have eased to the low $80/barrel range, levels not seen since March. Adding to the bullish tone, SpaceX shares rose another 5% following Friday’s 19% debut surge in its public market listing.

Two separate merger deals hit the tape: Fox Corp’s announced acquisition of streaming platform Roku and Salesforce’s plans to scoop up AI agent company Fin. More on both deals below.

Here’s a look at where things stand as of pre-morning trading:

Dow Jones Industrial Average: 51,791 Up 1.10%
Nasdaq Composite: 30.285 Up 2.12%
S&P 500: 7,531 Up 1.30%

Market Movers

Fox Corporation announced plans to acquire Roku in a roughly $22 billion cash-and-stock transaction, paying $160 per share, an 11.4% premium over Roku’s previous close. The deal would give Fox direct access to Roku’s streaming platform. Following the announcement, Fox shares dropped 8% in premarket trading, while trading in Roku stock was halted.

Salesforce announced an agreement to acquire Fin, a customer service AI agent company, for approximately $3.6 billion, marking another notable Merger Monday transaction in a day already dominated by Fox’s bid for Roku.

SpaceX shares climbed roughly 6% in early premarket trading, building on Friday’s 19% gain that marked the largest IPO ever recorded. The stock’s run-up has pushed the company’s valuation to approximately $2 trillion.

TD Cowen more than doubled its price target on Micron (Nasdaq: MU) to $1,500 from $660 while reiterating its Buy rating. The firm points to rising DRAM content per gigawatt, even after SOCAMM de-specing, plus projected CY27 EPS of $150, as the basis for its bullish stance.

About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.