S&P 500+0.50%▲: Closed at 7,431.46 with Utilities and Technology among the strongest sectors. Nasdaq+0.31%▲: Closed at 25,888.84 after modest gains in large-cap tech stocks. Russell 2000+0.79%▲: Closed at 2,943.99, outperforming on the session as small-cap names rallied. Dow+0.70%▲: Closed at 51,202.26, the blue‑chip index recorded one of the larger gains of the major benchmarks. VIX-9.05%▼: Implied volatility eased to 17.68, reflecting lower option‑priced 30‑day equity volatility. Crypto: BTC-0.63%▼ trading near $64,017 and ETH+0.01%▲ trading near $2,010, with bitcoin relatively stable while ether showed minimal net change. What's driving the market this week Growing signs of a US‑Iran interim agreement and reports that the Strait of Hormuz could reopen have supported a rally in equities and pressured oil prices, boosting cyclical sentiment around risk‑sensitive sectors. Market breadth showed leadership from Utilities and Technology, with those sectors posting some of the largest session gains and underpinning benchmark advances. U.S. spot bitcoin ETFs recorded a sizable net inflow (~$85.9M) on Friday, reversing recent outflows and coinciding with bitcoin’s near‑term stabilization.