S&P 500 Clears 7,000 on Optimism Over Middle East Developments

Stocks rose as investors priced in optimism about U.S.-Iran talks, with the S&P 500 near a fresh high around 7,000 as tech names led the Nasdaq higher after Broadcom disclosed a partnership with Meta. The Dow lagged, while bond yields moved higher overall and the two-year briefly slipped below 3.75% on expectations for a year-end rate cut. Oil traded higher, and the Empire State Manufacturing Index beat expectations, highlighting cautious optimism ahead of more earnings data and geopolitical updates.