US stock markets advanced on Monday, driven by a broadening risk appetite among investors.
The rally was fueled by emerging reports that the United States and Iran are moving closer to a formal peace agreement, signaling a potential de-escalation in long-standing tensions.
The Dow Jones Industrial Average reached a record high during the session, reflecting the market's positive reception of the diplomatic developments.
Broader indices also participated in the gains as the prospect of a stable truce reduced uncertainty premiums across equity sectors.
This development follows a period of heightened volatility linked to Middle East geopolitical risks.
Previous sessions had seen mixed sentiment as investors weighed the fragility of the ongoing truce.