Wall Street equities posted gains on Monday, driven by a surge in risk appetite following reports that the United States and Iran are nearing a formal peace agreement.
The prospect of a diplomatic resolution to the protracted conflict has injected relief into global markets, reversing earlier caution and prompting a broad-based rally across major indices.
The S&P 500 extended its recovery, closing above the 7,000 mark for the first time since the conflict began.
The index has now reached record levels, signaling that investors are increasingly confident in the durability of the de-escalation.
Technology stocks led the advance, benefiting from the reduced uncertainty and improved sentiment among growth-oriented investors.
This development marks a significant shift from the initial market reaction to the outbreak of hostilities, which saw a sharp dip in equity values.