Major stock indexes rose and Treasury yields eased as investors weighed the likelihood of a near-term deal to end the US-Israeli war with Iran, reports Reuters.

Oil prices gained, with uncertainty surrounding the Iran talks still a concern.

On Wall Street, the Dow posted a record closing high, and the S&P 500 registered an eighth straight week of gains.

Stocks have been driven higher by booming demand for AI-related stocks, even as concerns about economic fallout from the war remain.

European shares finished at their highest level in more than a month and logged their biggest weekly gain in seven.

“You’re starting to see a larger negative correlation between bond yields and stock prices,” said Anthony Saglimbene, chief market strategist at Ameriprise.