Finance

Shares of SpaceX rose approximately 6% in Monday's session, building on a massive 19% gain during its public market debut last Friday. The launch of the largest initial public offering in history has fueled significant investor enthusiasm, leading to the introduction of new leveraged exchange-traded funds specifically tracking the company's performance.

Crude oil benchmarks fell roughly 5% on Monday, with Brent and West Texas Intermediate dropping toward the $80 per barrel mark as the peace deal promises to restore vital shipping through the Strait of Hormuz. This sharp decline in energy costs has triggered a sell-off in major oil producers like Exxon Mobil and Chevron, which fell more than 2% each.

Digital assets and precious metals both trended higher as the ceasefire deal reduced immediate inflation fears and geopolitical risk. Bitcoin climbed over 2% to trade near $66,000, while silver and gold prices saw substantial gains of approximately 4% and 2.8% respectively, as markets prepared for an upcoming Federal Reserve interest rate decision.