Stock market today: Dow, S&P 500, Nasdaq rise on hopes of US-Iran talks, oil drops below $100

Market Reaction - US stocks experienced a rise, with the S&P 500 gaining 0.5%, the Dow Jones Industrial Average increasing by approximately 0.6%, and the Nasdaq Composite adding about 0.7% as investors reacted to reports of US-Iran negotiations aimed at halting fighting [1] - The news of a potential easing in conflict has led to a cautious increase in risk appetite among investors, alongside market expectations for an interest rate cut from the Federal Reserve this year [3] Oil Prices - Oil prices saw a decline, with West Texas Intermediate crude falling to around $90 and Brent crude trading below $97, reflecting the volatile market conditions influenced by developments in Iran [2] - The fluctuations in oil prices are indicative of the market's sensitivity to geopolitical tensions and negotiations in the Middle East [2] Diplomatic Developments - Iran received a 15-point plan from the US, aimed at resolving the ongoing conflict in the Middle East, which is viewed as a sign of urgency from the Trump administration to prevent further economic damage [2] - Despite the US's claims of ongoing negotiations, Iran has rejected the proposal, indicating a complex diplomatic landscape that could impact market stability [3]