Investor sentiment improves on reports of progress in U.S.-Iran negotiations, driving equities higher in early trading.
The Dow rose 1% in early trading as hopes for a U.S.-Iran deal eased geopolitical tensions, boosting risk appetite. The index added over 300 points, led by gains in energy and financial sectors.
Markets had traded cautiously in recent sessions amid stalled negotiations. Analysts noted that a potential agreement could reduce oil supply risks, supporting equities. Berkshire Hathaway shares surged, contributing to the broader rally.
No immediate market reaction data was provided, but futures indicated continued optimism in pre-market activity.