S&P 500+1.67%▲: closed at 7,555.26, lifted by broad gains in Industrials and Technology. Nasdaq+3.07%▲: closed at 26,683.94, led by strength in semiconductor and AI‑chip names. Russell 2000+0.72%▲: closed at 2,965.09, modestly higher on small‑cap rebound. Dow+0.92%▲: closed at 51,671.03, paced by industrials and select cyclical names. VIX-8.37%▼: closed at 16.20, falling as crude prices eased after diplomatic developments. Crypto: BTC+0.94%▲: around $66,167, ETH+3.70%▲: around $1,786.48, both showing gains on the session. What's driving the market this week A preliminary US–Iran framework to extend a ceasefire and reopen the Strait of Hormuz coincided with a sharp slide in crude futures and a broad equity rally, helping sectors with large fuel exposure to outperform. Withdrawals from the U.S. Strategic Petroleum Reserve have reached multiyear lows, underscoring ongoing supply considerations even as prices reset lower. AI‑chip and broader technology strength drove the Nasdaq’s outperformance, with several semiconductor bellwethers posting notable intraday gains on renewed demand expectations.