Stocks are extending Monday's relief rally into the final session of Q2, with the Nasdaq leading major indexes mid-session as megacap tech continues its rebound. US-Iran peace talks resume in Doha today, keeping oil prices subdued and nerves relatively calm. It's shaping up to be the best quarter for the S&P 500 and Nasdaq in six years — a remarkable run given the Iran war backdrop.
→ Nike (NKE) earnings after the bell — the Swoosh reports Q4 results this afternoon, a key read on the US consumer heading into the back half of 2026.
→ US-Iran talks in Doha: Any breakdown or progress will move oil immediately. Tehran already signaled it intends to continue overseeing Strait of Hormuz traffic even under an interim deal — watch headlines closely.
→ Quarter-end window dressing into the 4 PM close: Thin holiday-week volume plus mechanical fund rebalancing could amplify moves in either direction. Thursday brings June nonfarm payrolls — the most important data point of the week for Fed watchers.