The US stock market opens strongly with chip and AI sectors surging.

After the United States and Iran agreed to reopen the Strait of Hormuz, global stock markets rose, bonds strengthened, and oil prices fell significantly. The market is hopeful that the ongoing Middle East conflict that has been disrupting financial markets will come to an end, and the U.S. stock market opened with a clear upward trend. At 9:31 New York time, the S&P 500 index rose 1.4%, the Nasdaq 100 index rose 2.4%, and the Dow rose 1.2%. Technology stocks, which had been hit hard earlier, led the gains on Monday. Although the specific details of the temporary peace agreement between the US and Iran are not yet fully clear, US President Donald Trump said on social media that he has authorized the Strait of Hormuz to be "open for free passage" and to end related maritime blockades. According to the agreement, the strait will reopen after the formal signing on Friday. Iran's Fars News Agency reported that ships passing through the Strait of Hormuz will be exempt from passage fees within the next 60 days. Michael Landsberg of Landsberg Bennett Private Wealth Management said that the US-Iran agreement is "a major breakthrough". He said, "Although the content of the agreement may still lead to disagreements between the two sides in the next two months, especially in the core dispute over how to handle Iranian nuclear materials, the reopening of the Strait of Hormuz will help lower oil prices." After SpaceX's successful launch last Friday, the market continued to climb on Monday, opening with a 8.7% increase. In addition, the Philadelphia Semiconductor Index rose by about 4%. Chip manufacturers and companies related to artificial intelligence saw significant increases in stock prices, with Micron Technology rising by 7.5% and SanDisk rising by 3.9%.