U.S. equities surge midday after Iran peace framework sends oil to $80 and boosts risk assets, with SpaceX leading gains.
Major U.S. indexes climbed at midday, led by the Nasdaq’s 3.00% gain to 26,666.03, as a U.S.-Iran peace framework drove oil prices to $80 per barrel and spurred risk appetite. The S&P 500 rose 1.91% to 7,573.19, while the Dow Jones added 1.41% to 51,922.03.
The rally followed news of a Friday peace deal, including plans to reopen the Strait of Hormuz. Energy stocks lagged, while AI and semiconductor names advanced, fueled by optimism around growth sectors. SpaceX’s IPO reached a $2 trillion valuation, reinforcing bullish sentiment after last week’s pullback.
Analysts remain cautious amid high valuations and upcoming Federal Reserve commentary, with the 30-year Treasury yield at a 19-year high.