The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.65%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.92%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.06%. June E-mini S&P futures (ESM26) rose +1.68%, and June E-mini Nasdaq futures (NQM26) rose +3.06%.
Stock indexes settled sharply higher on Monday, with the S&P 500 and Nasdaq 100 posting 1-week highs, and the Dow Jones Industrial Average hitting a new record high. Crude oil prices and global bond yields tumbled on Monday, sparking risk-on sentiment and boosting equity markets after the US and Iran agreed to end their war and reopen the Strait of Hormuz. President Trump said the Strait of Hormuz will reopen after the signing of the peace deal on Friday in Switzerland, which will trigger the start of 60 days of talks on Iran's nuclear program. However, if an agreement isn't reached on nuclear, the US could restart military attacks.
