Finance

U.S. stocks finished higher for a second consecutive day as investors reacted to reports of a potential peace agreement between the U.S. and Iran. The Dow Jones Industrial Average added 0.7%, while the S&P 500 and Nasdaq also posted gains following news that planned military strikes were canceled. This shift in geopolitical sentiment helped stabilize broader markets despite earlier concerns regarding persistent inflationary pressures.

Crude oil prices fell sharply today as diplomatic breakthroughs in the Middle East reduced the immediate risk of a regional conflict. This decline in energy costs contributed to a slight softening of Treasury yields, with the 10-year note holding near 4.48%. While yields fell from recent highs, they remain elevated as market participants weigh strong labor data against the possibility of a Federal Reserve rate hike later this year.

The cryptocurrency market entered a phase of cautious recovery, with Bitcoin climbing back above the $63,000 level. Prices gained momentum following positive geopolitical news and the broader risk-on sentiment triggered by the SpaceX IPO. Analysts are closely watching liquidity rotation as institutional interest increasingly focuses on stablecoins and asset tokenization alongside major digital currencies.