Stocks Rally on U.S.-Iran Peace Deal, Falling Oil Prices

U.S. stock futures are sharply higher on Monday, looking to extend last week's gains after President Donald Trump announced an agreement had been reached to end the conflict between the United States and Iran. Oil prices are falling as well after Trump said he authorized the reopening of the Strait of Hormuz, helping lift sentiment heading into the holiday-shortened trading week. Meanwhile, SpaceX (SPCX) is up 5.6% before the bell after Friday's record-setting initial public offering (IPO). 

Continue reading for more on today's market, including:

• Unpacking the Nasdaq and S&P 500's worst days of the year. 
• Put support emerged for Cboe Global Markets stock.
• Plus, more on SPCX, Paramount moves in on Warner Bros, and DAL eyes record highs. 

5 Things You Need to Know Today

1. The Cboe Options Exchange saw more than 8.9 million call contracts and 6.7 million put contracts traded on Friday. The single-session equity put/call ratio fell to 0.76, while the 21-day moving average stayed at 0.59. 
2. As mentioned above, SpaceX (NASDAQ:SPCX) shares are 5.6% higher before the bell, as traders share optimism on the stock's debut. The stock finished with 19% gain from its $135 IPO price on Friday. 
3. Streaming platform Paramount Skydance (NYSE:PSKY) is up 2.6% premarket after the U.S. Justice Department approved the company's long-fought acquisition for Warner Bros. Discovery. The company shed 40% over the last nine months.
4. Travel stocks are continuing Friday's run, with Delta Air Lines (NYSE:DAL) adding 4.2% ahead of the open today as the broader sector reacts to lower fuel prices. The stock is poised to open at a record high, topping its May 29 record high of $83.90. Heading into today, the equity has added 69% year-over-year.

5. Investors are tuning in for the latest Fed interest rate decision, later this week. 

SoftBank Rally Boosts Nikkei

Asian markets rallied on Monday, boosted by tech stocks. Japan’s Nikkei jumped 5%, with SoftBank adding 10.3% to become the country’s most valuable company. The South Korean Kospi tacked on 5.2% as memory chip stocks surged, while China’s Shanghai Composite and Hong Kong’s Hang Seng rose 1.6% and 0.5%, respectively.

European markets are higher as well, on hopes that the U.S. and Iran will reach a peace deal. The French CAC 40 and German DAX are both up 1.3% at last glance, while London’s FTSE 100 inches up 0.09%.