[U.S. stocks rise across the board, Dow surges over 500 points to hit a record high; market bets on U.S.-Iran agreement and energy price decline] BlockBeats News, June 15 — U.S. stocks rose on Monday, kicking off a shortened trading week due to the holiday. Boosted by progress on a potential agreement to end the U.S.-Iran war, all three major indexes climbed. The Dow Jones Industrial Average rose 516 points (+1%), hitting a record high during intraday trading; the S&P 500 gained 1.5%, and the Nasdaq Composite advanced 2.3%. On the individual stock front, SpaceX extended its strong debut performance, rising over 8% on its second trading day, following a 19% surge on its IPO debut. Market sentiment was lifted by U.S. President Trump's announcement that "an agreement to end the U.S.-Iran war has been reached." According to reports, the related memorandum of understanding is expected to be signed this Friday in Switzerland. The news boosted risk appetite and drove oil prices lower, with U.S. crude oil prices sliding by about 5% at one point to around $80 per barrel. U.S. Vice President Vance stated that the Strait of Hormuz is expected to "reopen for long-term unobstructed passage," further reinforcing expectations of improved energy supply. Analysts noted that the decline in oil prices could help ease inflationary pressures and strengthen market expectations that the Federal Reserve will keep interest rates unchanged this week. According to the CME FedWatch Tool, the probability of the Fed maintaining rates at this meeting has exceeded 98%. [Original Link]