Tech-led gains lift U.S. stocks as Iran deal and Fed outlook take center stage
TL;DR Summary
U.S. stocks climbed with tech shares leading after the signing of an interim U.S.-Iran peace deal and a hawkish Fed stance on potential rate hikes. The Nasdaq rose about 1.5%, the S&P 500 around 1%, and the Dow roughly 0.7%, as investors weighed geopolitical headlines against a still-tight labor market. Brent crude slid on the news, while initial jobless claims cooled modestly, and trading was set to close early for Juneteenth.
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