The Dow Jones Industrial Average closed at a new all-time high for the third consecutive session, rising 264 points, or 0.49%, to finish at 54,349.12.

The gain was driven by renewed optimism surrounding potential progress in Middle East peace negotiations, which helped ease geopolitical risk premiums across global markets.

17%, reflecting the broader market's mixed reaction to the shifting risk landscape.

This marks the latest milestone in a sustained rally for the blue-chip index, which previously breached the 53,000-point threshold for the first time in history.

In contrast, the technology-heavy Nasdaq Composite fell 0.85%, marking its first decline in five trading sessions.

The divergence between the Dow and the Nasdaq suggests a rotation in investor sentiment, with capital flowing from high-growth tech names toward more defensive or value-oriented sectors.

The S&P 500 also slipped, down 0.17%, reflecting the broader market's mixed reaction to the shifting risk landscape.

The specific weakness in the Nasdaq was partly attributed to declines in major semiconductor stocks, including AMD (AMD.O).