Stocks climb on US-Iran peace deal

US stocks climbed on news of a peace deal between the US and Iran to reopen the Strait of Hormuz and end hostilities, with the S&P 500, Nasdaq 100, and Russell 2000 all rising. Technology and travel stocks surged on improved risk sentiment, while energy stocks fell as oil prices dropped. Bitcoin hit a two-week high as crypto markets rebounded.

Stocks climb on US-Iran peace deal High-flying tech names, travel stocks, and crypto all soared, while energy stocks sank as oil prices fell. The S&P 500, Nasdaq 100, and Russell 2000 climbed higher on news that the US and Iran have reached a deal https://sherwood.news/markets/stocks-soar-as-us-and-iran-reach-deal-to-open-strait-of-hormuz-end-the-war/?utm source=robinhood to reopen the Strait of Hormuz and end hostilities. Oil prices sank on the news. Technology was the best-performing sector as the peace deal reignited enthusiasm for the AI trade, while energy was the worst performer. All Magnificent 7 stocks rose. Bitcoin https://robinhood.com/us/en/crypto/BTC/?source=sherwood rose to its highest level in two weeks https://sherwood.news/crypto/bitcoin-hits-highest-level-in-2-weeks-following-news-of-iran-deal/ as the risk-on mood resumed. Ethereum https://robinhood.com/us/en/crypto/ETH/?source=sherwood , Solana https://robinhood.com/us/en/crypto/SOL/?source=sherwood , XRP https://robinhood.com/us/en/crypto/XRP/?source=sherwood , Zcash https://robinhood.com/us/en/crypto/ZEC/?source=sherwood , and Hyperliquid Strategies https://robinhood.com/us/en/stocks/PURR/?source=sherwood also soared as the broader crypto market snapped back https://sherwood.news/crypto/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp-soaring/ on improved risk sentiment. Stocks that moved higher: Southwest Airlines https://robinhood.com/us/en/stocks/LUV/?source=sherwood , Alaska Air https://robinhood.com/us/en/stocks/ALK/?source=sherwood , JetBlue https://robinhood.com/us/en/stocks/JBLU/?source=sherwood , Frontier https://robinhood.com/us/en/stocks/ULCC/?source=sherwood , Delta Air Lines https://robinhood.com/us/en/stocks/DAL/?source=sherwood , United Airlines https://robinhood.com/us/en/stocks/UAL/?source=sherwood , and American Airlines https://robinhood.com/us/en/stocks/AAL/?source=sherwood all climbed as oil prices dropped on the promise https://sherwood.news/markets/stocks-soar-as-us-and-iran-reach-deal-to-open-strait-of-hormuz-end-the-war/?utm source=robinhood that the Strait of Hormuz would soon be open. Royal Caribbean https://robinhood.com/us/en/stocks/RCL/?source=sherwood , Norwegian Cruise Line https://robinhood.com/us/en/stocks/NCLH/?source=sherwood , and Carnival https://robinhood.com/us/en/stocks/CCL/?source=sherwood gained as falling oil prices and reduced geopolitical risk lifted the travel and leisure sector https://sherwood.news/markets/stocks-soar-as-us-and-iran-reach-deal-to-open-strait-of-hormuz-end-the-war/?utm source=robinhood .The peace deal reignited the momentum trade https://sherwood.news/markets/peace-deal-prompts-big-buying-of-2026s-best-performing-stocks/ , sending 2026's best-performing tech and semiconductor names sharply higher, with Seagate Technology Holdings https://robinhood.com/us/en/stocks/STX/?source=sherwood , Astera Labs https://robinhood.com/us/en/stocks/ALAB/?source=sherwood , Nebius https://robinhood.com/us/en/stocks/NBIS/?source=sherwood , Lam Research https://robinhood.com/us/en/stocks/LRCX/?source=sherwood , Applied Materials https://robinhood.com/us/en/stocks/AMAT/?source=sherwood , Intel https://robinhood.com/us/en/stocks/INTC/?source=sherwood , GlobalFoundries https://robinhood.com/us/en/stocks/GFS/?source=sherwood , Coherent https://robinhood.com/us/en/stocks/COHR/?source=sherwood , Sandisk https://robinhood.com/us/en/stocks/SNDK/?source=sherwood , AMD https://robinhood.com/us/en/stocks/AMD/?source=sherwood , Western Digital https://robinhood.com/us/en/stocks/WDC/?source=sherwood , Marvell Technology https://robinhood.com/us/en/stocks/MRVL/?source=sherwood , Dell https://robinhood.com/us/en/stocks/DELL/?source=sherwood , Nvidia https://robinhood.com/us/en/stocks/NVDA/?source=sherwood , and Lumentum https://robinhood.com/us/en/stocks/LITE/?source=sherwood all surging. Stocks that moved lower: Exxon https://robinhood.com/us/en/stocks/XOM/?source=sherwood , Devon Energy https://robinhood.com/us/en/stocks/DVN/?source=sherwood , Occidental Petroleum https://robinhood.com/us/en/stocks/OXY/?source=sherwood , Chevron https://robinhood.com/us/en/stocks/CVX/?source=sherwood , Phillips 66 https://robinhood.com/us/en/stocks/PSX/?source=sherwood , and CF Industries https://robinhood.com/us/en/stocks/CF/?source=sherwood fell as oil prices dropped https://sherwood.news/markets/energy-stocks-follow-oil-lower-as-strait-of-hormuz-set-to-reopen/ . Fox https://robinhood.com/us/en/stocks/FOX/?source=sherwood sank as as investors digested the risk profile and timeline of its deal https://sherwood.news/markets/fox-to-acquire-roku-in-22-billion-deal-to-create-streaming-and-live-content-powerhouse/ to buy Roku https://robinhood.com/us/en/stocks/ROKU/?source=sherwood in a cash-and-stock transaction valued at about $22 billion.