U.S. stocks surged on Monday, with major indexes hitting record highs as investors reacted positively to news of a U.S.–Iran peace agreement announced by President Donald Trump.

The Dow Jones, S&P 500, and Nasdaq all posted strong gains, with the Nasdaq leading the rally on renewed strength in technology-related shares.

SpaceX extended its sharp post-debut rally, rising nearly 20% as investor demand remained strong.

Markets were also boosted by falling oil prices after Trump said the Strait of Hormuz would reopen, easing concerns about global energy supply, CNBC has reported.

Analysts said the combination of lower oil prices and reduced geopolitical tension could help ease inflation pressure and support future interest rate decisions.