Stock market: Dow Jones Industrial Average rose 0.4% to 50,677.04, hitting a new intraday record; S&P 500 held at 7,520.50; Nasdaq Composite edged up 0.1% to 26,673.95, indicating flat overall movement.
Sector rotation: Lower oil prices supported consumer discretionary and staples; technology sector showed modest gains, with chip stocks leading.
Micron Technology: Market capitalization reached $1 trillion for the first time, joining Samsung Electronics and SK Hynix; shares up ~2% after brief seesaw.
Geopolitical: U.S. White House rejected Iranian peace‑deal reports as fabricated; Brent crude fell 3.8% to $92.96 per barrel, easing oil‑price pressure.
Corporate moves: PDD Holdings dropped 11.3% on revenue miss; Abercrombie & Fitch rose 11.6% after profit beat; upcoming earnings from Marvell, Salesforce, HP noted.
