[Brief] ## Market Overview
US stocks extended their rally, with the S&P 500 and Nasdaq composite hitting fresh records for the third consecutive session. Meanwhile, oil prices retreated further, boosted by diplomatic progress between the US and Iran.
Key Drivers
Progress in US-Iran negotiations has signaled de-escalation, reducing geopolitical risk premiums. Tech stocks led the gains, with investor confidence in AI-related sectors remaining strong.
Oil Prices
Crude prices continued their decline, reflecting market expectations of Middle East easing. Traders are closely monitoring Iran response to the latest ceasefire proposal.