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Story summary
- President Donald Trump said he called off a strike against Iran after requests for a deal.
- The Dow, S&P 500 and Nasdaq closed at record highs of 53,946.83, 7,698.74 and 26,392.10.
- Palantir and Caterpillar rose after raising revenue forecasts tied to AI data-center demand, with Palantir up 26% and Caterpillar up 5.8%.
- Crude oil fell 4% after officials said a Strait of Hormuz deal could be reached by Tuesday or Wednesday.
