Stocks end higher on US–Iran deal hopes, Dow posts first record close since February
Wall Street's three major indices closed higher after the Trump administration signalled openness to diplomacy with Iran. Latin American markets followed the positive tone across several countries' trading sessions.
The Dow Jones Industrial Average rose 0.6 percent to its first record close since 21 February. The S&P 500 and Nasdaq added 0.4 and 0.3 percent respectively, while crude oil prices dropped by roughly $3 per barrel.
The gains came after Secretary of State Marco Rubio said negotiations with Iran were showing positive signs and Pakistan announced it would mediate between Tehran and Washington. Tanker traffic in the Strait of Hormuz showed partial normalisation through the session.
Brazil's Bovespa closed up 0.8 percent, Mexico's IPC added 0.5 percent and the Buenos Aires Merval gained 1.2 percent. Latin American currencies broadly strengthened as dollar pressure eased. Investors are now watching for concrete progress in US–Iran talks expected later this week.
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