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Stock futures edge higher ahead of PPI data. WTI crude falls 2% on Iran talks collapse, gold dips from 2-month high, bitcoin flat. Cerebras and Cisco shares slide despite strong earnings amid margin …
Wall Street rallied with the Dow hitting a record high, driven by optimism over Iran talks easing geopolitical tensions, lifting major tech and broad market indices.
Oil prices plunged over 6-7% after Trump signaled de-escalation talks with Iran, easing supply disruption fears. Energy stocks broadly declined, with XLE down 1.5% and oil services down 1.3%.
Dow futures surged 575 points on hopes of U.S.-Iran de-escalation talks, while oil prices plunged 7% premarket, easing geopolitical risk premiums and boosting equity sentiment.