S&P futures rose early Monday to kick off the holiday-shortened trading week following President Donald Trump’s announcement of an agreement to end the conflict between the U.S. and Iran. Futures associated with the Dow Jones Industrial Average increased by 427 points, representing a rise of 0.8%. S&P 500 futures increased by 1.2%, whereas Nasdaq 100 futures surged by 2%. International markets experienced an upward movement. Japan’s Nikkei 225 experienced a remarkable surge, reaching a record intraday high and concluding the trading day with a 5% increase, while South Korea’s Kospi also saw a significant rise of 5.2%.

Hong Kong’s Hang Seng Index experienced an increase of 0.5%. In Europe, the Stoxx 600 experienced an increase of 0.6%. SpaceX shares experienced a notable increase of 6% following a remarkable 19% surge during their public market debut on Friday. Trump announced late Sunday on social media that the agreement with Iran was “now complete.” Pakistan Prime Minister Shehbaz Sharif announced that an official signing ceremony is scheduled for Friday in Switzerland. Trump also stated he authorised the reopening of the crucial Strait of Hormuz passageway, resulting in a significant drop in oil prices on Sunday. U.S. crude experienced a decline of 5%.

Trump’s announcement followed a recent exchange of fire between Israel and the Tehran-backed Hezbollah in Lebanon, creating uncertainty regarding the completion of the deal by Sunday. The three major U.S. stock averages are coming off a winning week, with sentiment bolstered on Friday by SpaceX’s record-setting initial public offering. SpaceX concluded Friday with a valuation exceeding $2 trillion, following an increase of over 19%. “A successful SpaceX IPO is generally a positive signal for broader investor interest in innovation and technology,” stated Evan Schlossman.

“It’s a reflection of the demand, interest, and desire to invest in these types of companies.” Market participants are closely monitoring economic indicators related to the housing sector and retail sales in the upcoming week. They will also closely monitor the Federal Reserve policy meeting, which Fed funds futures indicate has a more than 98% chance of concluding with rates remaining the same, according to CME’s FedWatch tool.