Morgans AM - Tuesday, 16 June, 2026

US equity markets rallied for third straight session and oil prices tumbled to open the holiday-shortened week a day after the U.S. and Iran reached a preliminary deal to end their months-long war and reopen the Strait of Hormuz – Dow climbed +469-points or +0.92% to a record closing high of 51,671.03. Boeing Co gained +4.52%, while Amazon.com Inc (+3.13%), American Express Co (+3.05%), Honeywell International Inc (+3.22%) and Nvidia Corp (+3.54%) all rallied over >3%. According to a preliminary filing with the Securities and Exchange Commission (SEC), Nvidia plans to raise debt across seven tranches, with maturities between 2028 and 2056. Reuters reported that the chip maker is looking to issue US$20B worth of bonds, which would mark Nvidia’s first corporate bond sale since 2021, when the company raised US$5B.