U.S.-Iran Peace Deal Reshapes Monday Trading: Tech Soars, Energy Tumbles

Key Takeaways

• An interim U.S.-Iran peace agreement triggered a flight to technology stocks, lifting Nasdaq 100 futures by 2%
• SpaceX climbed 5.6% in early trading following Friday’s impressive 19% debut performance
• Memory chipmakers Micron Technology and Sandisk posted strong gains on AI sector enthusiasm
• Energy stocks tumbled as crude oil prices fell following the diplomatic breakthrough
• Airlines rallied on expectations of reduced fuel expenses with Strait of Hormuz shipping resuming

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Wall Street witnessed a dramatic sectoral shift Monday morning following news of a weekend peace accord between Washington and Tehran. The development prompted traders to rotate heavily into technology stocks while abandoning energy positions.

Nasdaq 100 index futures climbed 2% as market participants piled back into the standout performers of 2026.

Technology and AI Names Dominate Early Gains

SpaceX advanced 5.6% during premarket hours. Following Friday’s remarkable 19% surge on its first day of public trading, Monday’s continued strength suggests strong speculative interest.

Space Exploration Technologies Corp., SPCX

Micron Technology shares jumped 7.4% before the opening bell. Sandisk added 5.2%. The memory and storage manufacturers are positioning themselves as critical suppliers to the expanding artificial intelligence ecosystem.

Traditional hard drive producers also participated in the rally. Seagate Technology advanced 7.25% while Western Digital increased 5.3%. These companies stand to benefit from accelerated data center expansion.

Tower Semiconductor surged 4.7% to $275.20 in premarket activity. The semiconductor manufacturer announced a comprehensive multi-year supply agreement with IQE for Indium Phosphide epiwafers designed for AI-powered data center optical networking applications. The partnership also included settlement of all outstanding intellectual property conflicts between the parties.

Energy Sector Retreats as Airlines Soar

The diplomatic development punished petroleum stocks significantly. Chevron shares declined 2.5% while Exxon Mobil decreased 2.6%. Both Brent and West Texas Intermediate crude futures headed toward their weakest closes in more than three months, based on Dow Jones Market Data.

Carrier stocks moved sharply higher. American Airlines advanced 3.7%, Delta Air Lines climbed 3.8%, and United Airlines soared 4.6%. Market participants anticipate significantly lower jet fuel expenses once Persian Gulf shipping lanes fully reopen.

Paramount Skydance increased 4.2%. Federal regulators granted approval Friday for Paramount’s $81 billion acquisition of Warner Bros. Discovery.

Among secondary movers, VS Media Holdings rocketed 95.3% in premarket sessions. FreeCast surged 70.3% following expansion of its DirectTV streaming collaboration. Cosmos Health jumped 42.3% after securing fresh contract manufacturing commitments exceeding 253,000 medication units.

Decliners included Reitar Logtech, which plummeted 23.8%. Traws Pharma slid 18.2% after British regulatory authorities issued an unfavorable assessment of its influenza research program. Perfect Moment tumbled 18.3% following disclosure that its shares will transfer to OTCQB trading.

The overarching narrative emerging from Monday’s premarket activity was unmistakable. A Middle Eastern peace breakthrough prompted significant capital reallocation from traditional energy holdings into technology stocks, particularly those with artificial intelligence and data infrastructure exposure.

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