Wall Street indexes surged Monday, with the Dow hitting a record high following a preliminary US-Iran agreement that eased inflation fears and sent oil prices plummeting. This relief rally boosted rate-sensitive tech stocks and energy-dependent sectors like airlines, while the Federal Reserve's upcoming policy update remains a key focus.
Wall Street indexes surged Monday, with the Dow hitting a record high following a preliminary US-Iran agreement that eased inflation fears and sent oil prices plummeting. This relief rally boosted rate-sensitive tech stocks and energy-dependent sectors like airlines, while the Federal Reserve's upcoming policy update remains a key focus.
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Wall Street's main indexes rallied on Monday, with the Dow marking a record-high close after the United States and Iran struck a preliminary agreement to end the Middle East war and reopen the Strait of Hormuz, leading to an easing of inflation fears as crude oil prices dropped. The deal framework - expected to be formally signed in Switzerland on Friday - did not address key issues such as Tehran's nuclear program and the Israel-Lebanon conflict. Still U.S. crude futures settled down 4.9% f…
