US Stocks Rise >1% on US‑Iran Deal Hopes

U.S. equities surged over 1% as S&P 500 hit 7,345.22, Nasdaq 25,703.58, Dow 49,880.93 amid renewed US‑Iran deal hopes.
Oil prices plunged, Brent fell 7.6% to $101.55 and WTI 7.3% to $94.80, easing inflation concerns.
AMD jumped ~18% after beating earnings and forecasting strong data‑center revenue, driving a broader chip rally with Arm, Lam Research, and SMCI.
President Trump and U.S. officials signaled progress on a one‑page memorandum that could lift sanctions and reopen the Strait of Hormuz.