Wall Street Gains, Dow Hits Record

The major U.S. stock indices rose, with the Dow Jones closing at a record high after an initial agreement was reached between the United States and Iran to end the conflict in the Middle East and reopen the Strait of Hormuz, leading to a decline in oil prices by more than 4.9%. This supported shares in the energy-sensitive and technology sectors. Investors expect that the drop in oil prices will allow the Federal Reserve to keep interest rates steady, with expectations that they will remain unchanged at the Wednesday meeting.

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