India, June 16 -- Wall Street witnessed one of its strongest sessions of the year as investors cheered a dramatic geopolitical breakthrough as the Dow Jones Industrial Average surged to a fresh record high on Monday after US President Donald Trump announced that the United States and Iran had reached a peace agreement, easing fears of a wider conflict in the Middle East. The development sent oil prices tumbling, boosted risk appetite and sparked a broad rally across U.S. equities. For investors, the message was clear: lower geopolitical risk could mean a smoother path for economic growth.

Dow Jones Climbs to Historic Levels

The Dow Jones gained 516 points or roughly 1%, while briefly touching an all-time intraday high near 51,920. The r...