Stocks climbed on Monday to start the holiday shortened trading week following President Donald Trump’s announcement that an agreement had been reached to end the conflict between the U.S. and Iran.
The Dow Jones Industrial Average gained 607 points, or 1.2%, reaching a new all-time intraday high. The S&P 500 increased by 1.3%, and the Nasdaq Composite surged 2.2%.
SpaceX shares rose 6% after a 19% jump in their public market debut last Friday.
Late Sunday, Trump tweeted that a deal with Iran was “now complete.” The memorandum of understanding is expected to be signed this Friday in Switzerland.
Source (CNBC)
