Nasdaq Jumps 3% As US-Iran Deal Reopens Hormuz; Investor Sentiment Improves Further, Fear & Greed Index R

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the "Fear" zone on Monday.

U.S. stocks settled higher on Monday, with the Nasdaq Composite gaining more than 3% during the session after the US and Iran signed a peace agreement that ends their war and reopens the Strait of Hormuz, sending crude oil down to two-month lows and Treasury yields to one-month lows.

The collapse in energy prices eased inflation fears and powered a sharp rally in technology stocks.

Shares of Space Exploration Technologies Corp.

(NASDAQ:SPCX) surged around 20% on Monday after gaining 19% in their public market debut on Friday.