All four major indexes picked up wins across the board today for the first time since Monday. The tech-heavy Nasdaq added 336 points to reclaim 26,000 thanks to a resurgent semiconductor sector. The Dow and S&P 500 finished modestly higher, while the small cap Russell 2000 (RUT) logged its best single-session gain since June 18. Investors are once more eyeing the Middle East, after MS Now reported Qatar and Pakistan are working to get the U.S. and Iran back to the negotiating table.
Oil Takes its Cues From (Cautious) Middle East Optimism
Oil prices moved lower amid hopes of a resolution between the U.S. and Iran. August-dated West Texas Intermediate (WTI) shed 2% to $72.08 per barrel.
Gold prices moved higher as the safe-haven asset reacts to yesterday's Fed meeting minutes that indicated some fiscal tightening may be needed in 2026. August-dated gold futures added 1.3% to $4,134.10 per ounce.
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