Markets were defined by a shift in tech leadership as Apple surpassed Nvidia in market capitalization, while oil prices fell following a pause in hostilities between the U.S. and Iran. This geopolitical cooling influenced broader market movements, contributing to a mixed trading day where the Dow rose despite a slight decline in the Nasdaq. In the technology sector, investors weighed a $250 billion infrastructure deal between Nvidia and OpenAI against an ASML stock decline driven by concerns over China. Meanwhile, Washington remained active, with the SEC issuing capital-raising recommendations and political debate continuing over Senate scheduling and fiscal policy, even as New York City halted certain office-to-residential construction projects due to structural concerns.