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Jun 16, 2026 4:00 AM

Nasdaq Jumps 3% As US-Iran Deal Hopes Increase: Investor Sentiment Improves, Greed Index Remains In 'Fear' Zone

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 moved closer to a peace agreement to end the war and reopen 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.

On the economic data front, the New York Fed’s Empire State Manufacturing Index declined to 5.7 in ...