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(Bloomberg) — A rebound on Wall Street drove stocks to all-time highs as President Donald Trump said talks with Iran are continuing at a rapid pace, with the market also rising on renewed artificial-intelligence enthusiasm.
Hopes for a diplomatic way out of war sent the S&P 500 around 7,600. In a tech-led advance, the gauge saw its eighth straight gain, the longest winning run since May 2025. US crude pared its rally to $92 as Trump also said Israel and Hezbollah agreed to stop attacking each other.
Financial markets continued to get whipsawed by multiple geopolitical headlines after a flare-up in Middle East violence jeopardized peace negotiations.
The escalating violence in Lebanon in recent days risked upending indirect talks between Washington and Tehran on extending a ceasefire agreement. Earlier Monday, Iran said it would suspend negotiations with the US in protest over Israel’s offensive.
