S&P 500 edged up 0.1% to 7,764.70, and the Dow rose 185 points to 52,048.83, adding breadth to the rally.
Oil prices fell 1% on a Kyodo News report that Iran offered to reopen the Strait of Hormuz within seven days if the U.S. eases military pressure; Brent settled at $98.92 a barrel.
AI‑driven stocks led the charge: Meta Platforms jumped 11.6%, Intel and AMD gained 12% and 10% respectively, while AMD briefly hit a $1 trillion market cap.
Investors are now watching the Richmond Fed manufacturing survey and remarks from New York Fed President John Williams and Richmond Fed President Tom Barkin; AutoZone and KB Home are slated to report earnings after the bell.
The 10‑year Treasury yield slipped to 4.951%, easing pressure on equity valuations amid ongoing inflation concerns.