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- Richard Drew - AP
- Updated
Trader Patrick Casey works on the floor of the New York Stock Exchange, Wednesday, June 3, 2026.
Richard Drew - APAs featured on
Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war
Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again. The S&P 500 rose 1.7% Monday on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average climbed 0.9% to a record, and the Nasdaq composite jumped 3.1%. Brent crude’s price fell 4.8%, helping stocks of companies with big fuel bills to jump. AI stocks also rallied following their sharp swings over the last couple weeks.
Stocks wavered to a mixed close on Wall Street as losses for several tech giants including Microsoft weighed on the market. The S&P 500 fell 0.1% on Wednesday, even though more stocks rose than fell within the index. The Dow added 0.4%, and the Nasdaq composite fell 0.4%. Another decline in oil prices helped ease concerns about inflation. Brent crude dropped 3.8%, bringing it closer to where it was before the war with Iran started. Treasury yields fell in the bond market. Google parent Alphabet slipped. The company will replace Verizon in the Dow next week.
Weather Alert
...RED FLAG WARNING IN EFFECT FROM 11 AM FRIDAY TO 11 PM PDT SATURDAY FOR GUSTY WINDS AND LOW HUMIDITY FOR THE SIERRA FRONT... The National Weather Service in Reno has issued a Red Flag Warning for gusty winds and low humidity, which is in effect from 11 AM Friday to 11 PM PDT Saturday. The Fire Weather Watch has been upgraded to a Red Flag Warning. * CHANGES...Fire Weather Watch upgraded to a Red Flag Warning. * Affected Area...Fire Weather Zone 420 Northern Sierra Front including Carson City, Douglas, Storey, Southern Washoe, Western Lyon, and Far Southern Lassen Counties. * Winds...West 20 to 30 mph with gusts up to 45 mph. * Humidity...Afternoon minimums 12 to 20 percent. * Duration...2 to 4 hours Friday with 3 to 8 hours Saturday. While humidity will recover Friday night, winds will stay breezy on midslopes and ridges. * Impacts...The combination of gusty winds and low humidity can cause fire to rapidly grow in size and intensity before first responders can contain them, especially from any recent lightning holdovers. PRECAUTIONARY/PREPAREDNESS ACTIONS... Avoid outdoor activities that can cause a spark near dry vegetation, such as yard work, target shooting, or campfires. Follow local fire restrictions. Check weather.gov/reno for updates and livingwithfire.info for preparedness tips. &&
...LAKE WIND ADVISORY IN EFFECT FROM 11 AM FRIDAY TO 2 AM PDT SATURDAY FOR WASHOE LAKE... * WHAT...Southwest winds 20 to 30 mph with gusts up to 45 mph for Washoe Lake. * WHERE...Greater Reno-Carson City-Minden Area. * WHEN...From 11 AM Friday to 2 AM PDT Saturday. * IMPACTS...Small boats, kayaks and paddle boards will be prone to capsizing and should remain off lake waters until conditions improve. PRECAUTIONARY/PREPAREDNESS ACTIONS... Check lake conditions before heading out and be prepared for a sudden increase in winds and wave heights. Consider postponing boating activities on the lake until a day with less wind. &&
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