Oil prices drop, US stocks hit record highs
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- Oil prices fell, helping U.S. stocks erase earlier losses.
- Dow Jones Industrial Average clinched a record high amid the rally.
- S&P 500 posted gains as part of the broader market rebound.
- Nasdaq Composite rose alongside the S&P 500 during the rally.
- US‑Iran peace hopes sparked investor optimism, fueling the stock market bounce.
Why it matters: Equity investors gain as the Dow hits a record high, while oil exporters feel pressure from falling prices; the rally reinforces market confidence in U.S.–Iran diplomatic progress, supporting risk‑on trading.
