Dow Jones Sets New Record; IBM, Oil, Iran News Cited
The Dow closed at a record 50,285.66, up 276.31 points. IBM surged 12.4% after a proposed $1 billion U.S. quantum-computing award, while Nvidia fell 1.8% despite strong results. Oil prices dropped, with Brent settling at $102.58 a barrel, as U.S.-Iran talks influenced trading. Walmart slid 7.3% after warning on consumer spending.