US Stocks Rally to Record Highs Amid Iran-US Negotiation Speculation

The Dow Jones Industrial Average hit a record high of 53,178.41, while the S&P 500 climbed 1.5 percent and the Nasdaq jumped 2.1 percent on Monday.

Market optimism was driven by conflicting reports regarding potential US-Iran talks, despite Iran's Foreign Ministry spokesperson denying any current negotiations with Washington.

Brent crude oil prices rose over 1 percent to $84.65 per barrel in early Tuesday trading after falling 5 percent during the previous session.