Stock market today: Live updates

Asia-Pacific markets traded higher early Monday, with South Korea’s Kospi leading the advance in the region, rising over 4% at open. The small-cap Kosdaq added 2.34%.

Japan’s Nikkei 225 added 3.51%, while the Topix rose 2.43%. Australia’s benchmark S&P/ASX 200 was up 1.49%.

—Justina Lee

Asia-Pacific markets were set to open broadly higher Monday, with an end to the Middle East conflict in sight as the U.S. and Iran have reached a peace deal.

Japan’s Nikkei 225 was poised to rise, with the Chicago futures contract at 68,355, compared with the index’s previous close of 66,020.40.

Futures for Australia’s S&P/ASX 200 last traded at 8,853, compared with index’s Friday close of 8,804.

Hong Kong Hang Seng index futures were at 24,706, lower than the index’s last close of 24,718.10

Both Iran and the U.S. have agreed to a deal, with both sides declaring immediate and permanent termination of military operations on all fronts, according to Pakistan’s Prime Minister Shehbaz Sharif on Sunday. The official signing ceremony will be on Friday, June 19, in Switzerland, he added. Pakistan has served as a mediator between the two countries.

In a Truth Social post, Trump said that “the Deal with the Islamic Republic of Iran is now complete,” to reopen the Strait of Hormuz without a toll system and the U.S. will also end the naval blockade of Iran. “Ships of the World, start your engines,” Trump said. Let the oil flow!”

—Justina Lee

Crypto traders trying to get ahead of the traditional stock market were pricing in more upside for SpaceX Sunday evening, following its highly successful public debut on Friday.

The SpaceX perpetual futures market on Hyperliquid saw a burst of activity around 5 p.m. ET, with the perp jumping from about $166 to above $180 before pulling back.

Because the contract trades with leverage, the move could also be amplified by a short squeeze, where traders who bet against the contract were forced to buy back positions as prices surged.

— Tanaya Macheel

SpaceX‘s IPO had the largest buy-in from retail investors in recent history, according to VandaTrack.

The firm told clients that individual investors bought around $118 million worth of shares in the rocket company on balance during the session. SpaceX accounted for more than half of all net buying for single stocks in the session, according to Vanda.

But Vanda said retail traders simultaneously dumped big year-to-date winners last week including Micron, Marvell and Robinhood. Across the board, last week saw the weakest net retail buying since March 2020, Vanda found.

In other words: “The SpaceX IPO was not a boat that lifted all tides for retail investors,” Vanda told clients.

SpaceX opened at $150 per share on Friday, marking a roughly 11% gain over its $135 IPO price. Shares surged more than 19% in the session, bringing its market cap above $2 trillion.

— Alex Harring

Oil prices tumbled Sunday after President Donald Trump said the U.S. has completed a deal with Iran to reopen the Strait of Hormuz.

U.S. crude oil futures were down 4.8% to $80.80 per barrel shortly after 6 p.m. ET. Brent futures, the international benchmark, traded 3.9% lower to $83.89 per barrel.

President Donald Trump on Sunday announced the completion of a peace deal to end the war with Iran.

“The Deal with the Islamic Republic of Iran is now complete,” Trump wrote on social media. “Congratulations to all!”

“I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump added.

“Ships of the World, start your engines,” Trump wrote. “Let the oil flow!”

— Alex Harring

Stock futures are rising Sunday night.

Dow futures added 0.6% shortly after 6 p.m. ET. S&P 500 and Nasdaq 100 futures jumped 0.7% and 0.8%, respectively.

— Alex Harring