Wall Street opened the holiday-shortened trading week with a powerful surge Monday, as investors reacted to what President Donald Trump described as a major diplomatic breakthrough between the United States and Iran, signaling an apparent end to ongoing hostilities.
The rally was immediate and broad. The Dow Jones Industrial Average jumped 516 points, or roughly 1%, briefly touching a new all-time intraday high during the session. Investors quickly moved into risk assets as optimism swept across global markets.
Meanwhile, the S&P 500 climbed 1.5%, while the Nasdaq Composite surged an impressive 2.3%, underscoring a strong tech-led advance that reflected growing confidence in both geopolitical stability and economic resilience.
One of the standout movers of the day was SpaceX, which continued its volatile but bullish run in public trading. Shares jumped another 8% after an explosive 19% surge during its debut session on Friday, extending momentum in what traders are closely watching as one of the most closely followed market entries in recent years.
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