Editorial companion

What stands out

The Dow hit a record while Reuters flagged progress toward a peace deal with Iran, and the Nasdaq slid as SpaceX and Advanced Micro Devices (AMD) stumbled after earnings, a neat reminder markets move on both geopolitics and corporate micro news at the same time. The split shows how reassurance on oil and conflict risk can buoy the old-economy Dow even as high-growth tech names get punished for execution or guidance misses. For anyone watching tech exposure, AMD’s earnings wobble matters more than the Dow’s headline close, because it reveals where risk appetite is fragile.