All three US indices closed at records on Nvidia's new PC chip and a four-year-high ISM Manufacturing print, yet oil spiked 6% as Iran reportedly suspended talks with Washington.

The Dow closed above 51,000 for the first time as the S&P 500 logged its ninth straight winning week on a reported 60-day US-Iran ceasefire framework.

US stocks traded near record levels on Monday despite a fresh rise in oil prices following renewed tensions around the fragile US-Iran ceasefire, as gains in technology…