NEW YORK, June 18 (Reuters) - A tech-powered rally boosted

U.S. stocks on Thursday, while crude prices dropped as

supertankers sailed through the reopened Strait of Hormuz hours

after U.S. President Donald Trump signed a peace deal with Iran.

With U.S. markets closed on Friday in observance of

Juneteenth, Wall Street's three major equity indexes notched

gains on the holiday-shortened week as investors processed

Middle East developments and a hawkish pivot from the Warsh Fed.

I will go into more detail on today's market moves below. If

you have more time to read, here are a few articles I recommend

to help you make sense of what happened in markets today.

1. Three Saudi-flagged supertankers sailed through the

Strait of Hormuz, hours after U.S.-Iran peace deal signed

2. Ukrainian drones evaded Russian air defenses to strike an

oil refinery in southeast Moscow for the second time in three

days

3. Israel published a map of an expanded military control

zone in Lebanon, challenging the terms of the U.S.-Iran

agreement

4. The Bank of England voted 7-2 to hold borrowing costs

steady as it continues to monitor inflation pressures

5. U.S. weekly jobless claims fell last week but the

underlying trend has an upward bias, suggesting moderation in

the pace of job growth

6. Space startups are speaking with insurers about coverage

for orbital AI data centers

Today's Key Market Moves

* STOCKS: U.S. stock indexes gain, Nasdaq up 1.9%;

Europe's STOXX 600 dips

* SECTORS/SHARES: Chips surge; energy and

aerospace/defense lag

* FX: Dollar hits one-year high on rate hike bets; yen

weakness draws warnings from Japanese officials

* BONDS: U.S. Treasury yields dip the day after Warsh's

debut as Fed Chair

* COMMODITIES/METALS: Brent, WTI crude prices touch

pre-Iran-war lows; gold drops

Today's Talking Points

* Investors brace for less predictable Fed under Chairman

Warsh

The U.S. Federal Reserve is likely to be less predictable as the

central bank with Kevin Warsh at the helm.

While the Fed left its key interest rate unchanged on

Wednesday, as expected, investors were blindsided by new

projections and remarks from the new chairman indicating that

the Fed will pull back from signaling future rate moves.

Warsh also announced a review of the central bank's

operations.

* Central banks to continue raising borrowing costs after

Iran peace deal

Central banks around the world are no longer able to look past

the inflation surge related to the Iran war, and many have

either hiked rates or suggested they will, amid estimates that

normalization of energy prices would last well into next year.

The Bank of England joined the Fed in signaling the

likelihood of rate hikes, while the European Central Bank and

the Bank of Japan have already pulled the trigger.

* Trump blows up spy bill after Senate Republicans nix voter

ID legislation

In a sign of a growing rift with President Trump just months

before midterm elections, Senate Republicans have begun to say

"no" to the commander-in-chief.

After their refusal to pass the SAVE America Act, which

would impose strict voter documentation requirements and do away

with the filibuster, the president derailed a Senate plan to

pass a key national security bill this week in order to protect

his controversial choice of loyalist Bill Pulte as acting U.S.

spy chief.

What could move markets tomorrow?

* Developments in the Middle East

* Energy market moves

* Social media posts from Trump

* Germany producer prices (May)

* UK retail sales (May)

* Canada retail sales (April)

* Poland industrial output (May)

* Moody's review of Canada and Slovakia's credit ratings

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