The US stock market recorded a positive increase after falling in the previous session due to investor concerns over geopolitical tensions in the Middle East.
In terms of the performance of the main indices, the Dow Jones rose 0.5%, the S&P 500 jumped 0.83% and the Nasdaq Composite rose 1.38%.
Market sentiment on Wall Street recovered, driven by hopes for a resolution to the geopolitical conflict in the Middle East, thus alleviating concerns of stagflation that previously triggered a sharp drop in the main indices.
President Donald Trump announced that the US war on Iran would end soon after he described the 10-day war as having caused devastation in the country.
Trump claimed that the US-Israeli had attacked 5,000 targets since the war began on February 28.
However, he threatened a larger attack on Iran if Iran continued to block shipping routes in the Strait of Hormuz.
Meanwhile, oil prices have fallen back below $90 a barrel after soaring to nearly $120 earlier this week.
Investors' attention now turns to the February Consumer Price Index (CPI) report on Wednesday and the January Personal Consumption Expenditure (PCE) Price Index on Thursday.
The economic data is considered very important to investors as it provides a clearer indication of the current inflation trend.
Meanwhile, technology company Oracle is scheduled to announce its earnings report on Tuesday, while Adobe will follow on Thursday.
