Stocks Rise at Start of CPI Week; Iran's Hormuz Deal Remains Elusive

Source Summary

US equity futures rallied following a payrolls report showing a sharp slowdown in the labor market, pushing stocks to a fresh record high. Oil prices advanced as Iran's accord with Oman on the Hormuz shipping route remains unresolved. TSMC reported a 45% rise in monthly sales driven by strong demand for AI hardware. Analysts are monitoring upcoming inflation data.