Dow Jones| Nasdaq | US Stock Market Today | Live: Brent oil price drops under $80 on US-Iran deal; US market edge higher

US stock futures edged higher with the Dow closing at a record high after President Trump announced a preliminary US-Iran agreement that sent Brent crude below $80, easing inflation and geopolitical concerns. The S&P 500 approached early-June record highs, supported by Wells Fargo raising its 2026 year-end target to 7,950 and chipmaker rallies (Micron +3.5%, Western Digital +9.1%, Seagate +7.7%). Investors now await the Fed's rate decision under new Chair Kevin Warsh, with rates expected to remain unchanged at 3.50%-3.75%, while traders price in a 42% chance of a December rate hike.