US stocks wavered following reports that the US and Iran reached a deal to halt their conflict. The S&P 500 and the Nasdaq 100 swung 0.5% higher to new records while the Dow hovered close to the flatline. Washington and Tehran reportedly agreed to a 60-day memorandum to extend the ceasefire and gradually restore energy exports from the Persian Gulf. Bond yields eased as energy prices pared their rebound, despite data that favors a hawkish Federal Reserve. Jobless claims and consumer spending remained robust, while PCE inflation rose to a three-year high. AI software and infrastructure patrons were sharply higher, with Microsoft, Oracle, and Palantir gaining between 3% and 4%. On the other hand, financial stocks extended to slower momentum with Visa and Blackrock dropping close to 2%. Snowflake surged 30% on a strong outlook, although the result did not spread to other software companies. Salesforce fell 2% after its earnings report.