Finance

The Dow Jones Industrial Average reached a new record close of 51,999.67, even as the broader S&P 500 and Nasdaq Composite experienced declines. Market pressure on the technology sector, particularly in semiconductors and AI-related stocks, contributed to the mixed performance across major U.S. benchmarks.

Brent crude futures dropped below $80 per barrel for the first time since early March following reports of a provisional peace deal between the United States and Iran. The potential for the removal of economic sanctions and the return of Iranian oil to global markets has eased concerns regarding supply disruptions and inflationary pressures.

SpaceX shares rose nearly 5% today, continuing a strong rally since its recent initial public offering and briefly surpassing Microsoft in total market value. This growth comes as the company announced a major $60 billion acquisition of the AI-coding startup Cursor, solidifying its position among the market's largest cap entities.