BlockBeats news, on June 15, U.S. stocks rose on Monday as investors continued to digest expectations of a memorandum of understanding between the U.S. and Iran to end the war, with risk assets strengthening broadly.
The Dow Jones Industrial Average rose 702 points, or 1.4%, reaching a new intraday record; the S&P 500 gained 1.9%, and the Nasdaq Composite advanced 3%. SpaceX continued its strong performance on its second day of trading, with shares rising over 10%, following a first-day surge of 19%.
Market sentiment was boosted by Trump's announcement that the U.S.-Iran agreement has been completed. The memorandum is expected to be signed in Switzerland on Friday, and the news also triggered a sharp decline in crude oil prices, with U.S. crude falling about 5% to around $80 per barrel.
U.S. Vice President Vance stated that the Strait of Hormuz is expected to reopen in the long term "without tolls," further easing concerns about energy supply. Analysts noted that the decline in oil prices helps alleviate inflationary pressures, with markets widely expecting a probability exceeding 98% that the Federal Reserve will hold rates steady at this week’s meeting.