Dow jumps 600 points, hits fresh record on potential Iran deal to end the war; SpaceX rises in second day of trading: Live updates
US stocks rallied sharply Monday after President Trump announced a ceasefire agreement with Iran, pushing the Dow to a new intraday record. Oil prices fell, while SpaceX shares extended gains for a second day. Analysts warn of short-term relief but highlight lingering economic risks for Asia and China. The S&P 500 and Nasdaq also climbed, with fintech stocks rising on acquisition news.
What changed
The Dow’s gain was revised upward to 600 points from earlier reports of 250 points, and SpaceX’s stock surge was confirmed as a second-day rally.
Live updates
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Dow hits record high on Iran ceasefire hopes; SpaceX surges as rally continues
confidence 92%US stocks rallied sharply Monday after President Trump announced a ceasefire agreement with Iran, pushing the Dow to a new intraday record. Oil prices fell, while SpaceX shares extended gains for a second day. Analysts warn of short-term relief but highlight lingering economic risks for Asia and China. The S&P 500 and Nasdaq also climbed, with fintech stocks rising on acquisition news.
What's confirmed:
- The Dow Jones Industrial Average rose 600 points to a new intraday record Monday following President Trump’s announcement of a ceasefire agreement with Iran.
- Oil prices dropped sharply amid hopes of reduced geopolitical tensions from the potential Iran deal.
- SpaceX shares continued their rally for a second consecutive day, contributing to Elon Musk’s net worth crossing $1 trillion.
- The S&P 500 gained 1.67% and the Nasdaq Composite jumped 3.07% as market sentiment improved.
- President Trump called off planned strikes on Iran on Thursday and stated the US would sign a deal with Tehran soon.
Still unconfirmed:
- Analysts caution that while the Iran deal offers short-term economic relief, lingering risks remain for Asia and China.
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Dow hits record 600-point jump on Iran deal; SpaceX surges again
confidence 97%US stocks opened sharply higher Monday after President Trump announced a ceasefire agreement with Iran, sending the Dow to a new intraday record. Oil prices dropped sharply, while SpaceX shares extended their rally. Analysts highlight short-term relief but caution about lingering economic risks for Asia and China.
What's confirmed:
- The Dow Jones Industrial Average surged 600 points (1.2%) to a new intraday record after President Trump announced a US-Iran ceasefire agreement.
- The S&P 500 climbed 1.7%, while the Nasdaq Composite jumped 2.9%, its best day since March 31.
- Oil prices fell nearly 5% on expectations the Strait of Hormuz would reopen, triggering declines for energy stocks.
- SpaceX shares rose for a second consecutive day, adding $239 billion to its market capitalization.
- Trading occurred on a holiday-shortened week, with markets reacting to the deal’s immediate market impact.
Still unconfirmed:
- An AI stock is testing an entry amid broader market gains, though no details on the specific stock or catalyst were provided.
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Dow hits record high, oil plummets after Iran deal; SpaceX stock climbs
confidence 93%The Dow Jones Industrial Average surged over 600 points to a new record as markets react to a potential Iran deal to end the war. Oil prices dropped to their lowest since March, triggering stock declines for energy firms like Exxon and Valero. SpaceX shares rose for a second consecutive day. Analysts warn of lingering economic risks for Asia and China firms despite short-term relief.
What's confirmed:
- The Dow Jones Industrial Average rose over 600 points to a new record high amid hopes of an Iran deal ending the war.
- Oil prices fell to their lowest level since March following the U.S. announcement of an Iran deal, prompting a slump in energy stocks.
- Exxon Mobil and Valero shares dropped after oil prices slumped following the Iran deal news.
- SpaceX shares rose for a second consecutive day of trading.
- The Nasdaq opened higher while oil prices declined after the U.S.-Iran deal was announced.
- Energy experts say oil and gas supplies could take months to stabilize after the Iran deal, despite immediate price drops.
- Analysts highlight a 'grey area' for Chinese firms operating in energy sectors due to the Iran deal’s implications.
Still unconfirmed:
- Former President Trump suggested oil prices would drop gradually, saying 'it’ll be more like a feather' rather than a sharp decline.
- Reopening the Strait of Hormuz would provide economic relief for Asia but leave lasting scars on regional markets.