Stocks, Bonds Rise as Oil Tumbles on US-Iran Hopes: Markets Wrap

Stocks joined bonds higher as hopes for diplomatic efforts to end the months-long conflict in Iran spurred a slump in oil prices, easing inflation anxiety. Investors welcomed the prospect of reduced geopolitical tensions, which lowered energy costs and supported risk appetite. The rally in equities and fixed income reflected growing confidence in economic stability, although markets remained cautious amid lingering global uncertainties.