Wall Street Soars on U.S-Iran Deal and SpaceX IPO

Investors rallied on a preliminary deal between the U.S. and Iran, reigniting the markets and bringing relief amid geopolitical tensions. Concurrently, SpaceX shares rose sharply following a successful IPO, signaling robust investor interest. Meanwhile, markets focus on upcoming Federal Reserve decisions and interest rate implications on tech stocks.

Monday morning saw an upswing in Wall Street's main indexes, powered by a preliminary agreement between the U.S. and Iran to end a three-month conflict and reopen the Strait of Hormuz. Despite this progress, the deal left critical issues unresolved, such as Iran's nuclear program.

News of the accord pushed crude oil prices down by over 4%, their lowest since March, affecting energy-sensitive stocks such as Delta and Norwegian Cruise. Market analysts pointed out potential volatility in Brent crude prices, which may remain around $80 a barrel as energy flows resume through key Middle Eastern routes.

Elsewhere, SpaceX's shares experienced a 6% boost after a successful IPO launch, making a significant impact on the Nasdaq. This positive momentum persisted, with the Dow, S&P 500, and Nasdaq indexes all closing the week higher, as market participants eagerly awaited the Federal Reserve's policy meeting outcomes and Chairman Kevin Warsh's debut as potential turning points for future interest rate directions.