Market hopes for reaching an agreement to restore transit through the Strait of Hormuz have heated up, driving the US stock market higher in early trading, higher bonds, and lower oil prices. At the same time, a number of strong corporate earnings reports have further boosted Wall Street's optimism. At 9:47 New York time, the S&P 500 index rose 0.6%, breaking through the June 2 high. The Nasdaq 100 Index rose 1.9%, and the Dow rose 0.9%. The market is optimistic that the mediators will be able to facilitate an agreement and avoid large-scale US air strikes against Iran. Brent crude oil fell below $80 per barrel. Palantir Technologies Inc. previously released a solid performance outlook, which allayed investors' concerns about the need for artificial intelligence. Traders are currently awaiting results from SpaceX and AMD to be announced later. Tony Miano of Wells Fargo Investment Research Institute said: “The market is reacting to the possible reopening of the Strait of Hormuz. The reopening of the straits will help restore normal global oil supply and ease pressure on short-term energy prices. Falling oil prices will also ease concerns about inflation.” As of Monday's close, 86% of the 322 S&P 500 index constituent stocks that have announced results for this earnings season exceeded analysts' expectations and 10% fell short of expectations; 68% had better than expected revenue and 16% fell short of expectations. In terms of individual stocks, Amazon's stock price fell after Jeff Bezos declared the sale of Amazon shares worth 4.07 billion US dollars.

Market hopes for reaching an agreement to restore transit through the Strait of Hormuz have heated up, driving the US stock market higher in early trading, higher bonds, and lower oil prices. At the same time, a number of strong corporate earnings reports have further boosted Wall Street's optimism. At 9:47 New York time, the S&P 500 index rose 0.6%, breaking through the June 2 high. The Nasdaq 100 Index rose 1.9%, and the Dow rose 0.9%. The market is optimistic that the mediators will be able to facilitate an agreement and avoid large-scale US air strikes against Iran. Brent crude oil fell below $80 per barrel. Palantir Technologies Inc. previously released a solid performance outlook, which allayed investors' concerns about the need for artificial intelligence. Traders are currently awaiting results from SpaceX and AMD to be announced later. Tony Miano of Wells Fargo Investment Research Institute said: “The market is reacting to the possible reopening of the Strait of Hormuz. The reopening of the straits will help restore normal global oil supply and ease pressure on short-term energy prices. Falling oil prices will also ease concerns about inflation.” As of Monday's close, 86% of the 322 S&P 500 index constituent stocks that have announced results for this earnings season exceeded analysts' expectations and 10% fell short of expectations; 68% had better than expected revenue and 16% fell short of expectations. In terms of individual stocks, Amazon's stock price fell after Jeff Bezos declared the sale of Amazon shares worth 4.07 billion US dollars.