US Stock Market Move | Star technology stocks are generally up, with American semiconductor company AMD.US rising more than 9%.

On Monday, the three major US stock indexes opened higher, with the Nasdaq up 2.5%. Tech stocks performed well, with AMD.US rising over 9%, Micron Technology, Inc. (MU.US) and SpaceX (SPCX.US) up over 7%, Intel Corporation (INTC.US) up over 4%, Amazon.com, Inc. (AMZN.US) and Meta (META.US) up over 3%, and NVIDIA Corporation (NVDA.US) and Apple Inc. (AAPL.US) up over 2%. On the news front, a peace agreement between the US and Iran is set to be signed, boosting market risk appetite. After nearly 4 months of ongoing conflict between the US and Iran, breakthrough progress has finally been made in the peace talks. The US, Iran, and key mediator Pakistan have all stated that an agreement has been reached and will be formally signed in Switzerland on Friday. US President Trump and Pakistani Prime Minister Sharif have both announced that an agreement has been reached between the US and Iran. Iran has also officially confirmed the ceasefire memorandum with the US.