The Dow Jones Industrial Average reached a new record high on Tuesday, driven by falling oil prices amid optimism for a U.S.-Iran peace deal. Meanwhile, SpaceX's market value surged past Amazon's, positioning it as the fifth most valuable U.S. company. The S&P 500 saw a slight gain, while the Nasdaq Composite experienced a minor loss.

U.S. stock futures advanced on Monday, as the Nasdaq 100, S&P 500, and the Dow Jones indices rose, following Friday’s higher close.

Wall Street indexes surged Monday, with the Dow hitting a record high following a preliminary US-Iran agreement that eased inflation fears and sent oil prices plummeting. This…