Stocks rally on AI comeback while crude tumbles on US/Iran optimism - Newsquawk US Market Wrap

Stocks rallied on Tuesday as the Nasdaq surged 3.3% and the S&P 500 gained 1.8% on renewed AI strength. Meanwhile, crude prices fell below USD 80 per barrel after reports showed progress on a potential US-Iran deal. Strong earnings from Palantir and Caterpillar helped boost market sentiment across many sectors.