The stock market closed higher today, with the S&P 500, Dow Jones, and Nasdaq Composite all posting gains. The S&P 500 rose by 0.02% to 7,520.36, the Dow Jones gained 0.36% to 50,644.28, and the Nasdaq Composite increased by 0.07% to 26,674.73. The broad-based rally was driven by a decline in oil prices, with the Dow setting a new all-time high as oil prices fell to $90, reflecting optimism over potential US-Iran peace talks. However, the chip sector saw a pause in its recent rally, with Marvell, United, and Zscaler among the stocks that explained the market's performance today. This mixed tone reflects a risk-on sentiment, with investors balancing optimism over potential deals with caution in the tech sector.

The headlines highlighted the impact of falling oil prices on the market, with the Dow rising 200 points to a record high as oil declined. The decline in oil prices was seen as a positive for the market, with investors potentially seeing a reduction in energy costs. However, the chip sector's recent gains were pared back, with Marvell, United, and Zscaler among the stocks that explained the market's performance. This suggests a cautious approach to the tech sector, with investors potentially waiting for further clarity on the chip market's trajectory. The retail sector also saw a boost, with a retail stock soaring after war hits sales, indicating a potential shift in consumer behavior. Overall, the market's performance today reflects a risk-on sentiment, with investors balancing optimism over potential deals with caution in the tech sector.