economy
CNBC Daily Open: Dow at all-time high as Iran reviews peace deal
Global markets rally as investors continue to price in Middle East de-escalation.
TL;DR
- U.S. stock indexes are poised for further gains, with the S&P 500 and Nasdaq on strong weekly runs, and the Dow reaching a record close.
- Investor optimism is driven by hopes for de-escalation in the Middle East, with Iran reportedly reviewing a U.S. peace proposal.
- Oil prices experienced volatility, resuming their rally amid mixed messages on Iran peace deal negotiations.
- President Trump postponed an executive order on artificial intelligence, seeking more time for review.
- Microsoft is in talks to supply custom AI chips to Anthropic, following a substantial investment.
- The U.S. government will award $2 billion in grants to nine quantum computing firms, with IBM receiving $1 billion.