U.S. stocks ended sharply higher on Monday, with the Dow hitting a record closing high, as weekend hostilities between the United States and Iran eased and as major technology-related shares rose following recent selling. A source told Reuters that Iranian and U.S. technical teams working on the implementation of an interim peace deal are expected to meet in Doha in the coming days, after the weekend strikes threatened to derail the fragile agreement.
The U.S. and Iran on June 17 signed a memorandum of understanding aimed at ending four months of conflict. Under the document, both sides agreed to cease hostilities and reopen the Strait of Hormuz.
