✅ U.S. Market Report: Peace Hopes With Iran Keep Risk Appetite Alive Wall Street opened the shortened holiday week with stocks and Treasury bonds moving higher, as optimism around a potential U.S.–Iran peace framework outweighed military tensions in the Gulf. $SPX pushed to a fresh all-time high, led by chipmakers, while Treasury yields moved lower as inflation fears cooled and traders reduced expectations for future Fed rate hikes. Oil remained volatile. Brent rebounded toward $100 after crashing more than 7% on Monday, as the market tried to balance geopolitical risk with rising hopes for diplomacy. President Trump said discussions are ongoing to extend the ceasefire and reopen the Strait of Hormuz, though Secretary of State Marco Rubio warned that a final agreement may still take several days. Security in the region remains fragile, with both sides reportedly exchanging strikes overnight while CENTCOM denied claims that U.S. forces were escorting commercial ships. On the corporate side, $MU rallied after UBS raised its price target to the highest level on Wall Street. Meanwhile, $QCOM gained attention after reports that Qualcomm reached an agreement with ByteDance to supply AI-focused data center chips — a major step in expanding beyond smartphones into AI infrastructure. Market take: Right now, markets are choosing diplomacy over escalation, and AI + semiconductors remain the strongest momentum trade. #USIranDealOnTheEdge