Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.3%), Nasdaq Composite (+1.8%), and DJIA (+1.2%) continue to chart new highs as the market enters the final hour of the session.

Momentum across AI names remains strong, with Arm Holdings plc (ARM 235.46, +26.62, +12.75%) and Intel (INTC 112.04, +3.89, +3.60%) both trading higher in sympathy with Advanced Micro Devices's (AMD 417.41, +62.15, +17.49%) earnings beat and upside guidance.

Meanwhile, the market remains hopeful that the U.S. and Iran could soon strike a deal to end the conflict. President Trump told Fox News that he is "cautiously optimistic" about reaching a deal with Iran.

Crude oil futures settled today's session $6.94 lower (-6.8%) at $95.22 per barrel. While earnings-driven moves garnered the bulk of today's coverage, it is worth noting that airlines, cruise lines, homebuilders, and other oil-sensitive stocks have charted nice gains amid the retreat in oil prices.