India, June 12 -- Wall Street delivered a mixed trading session as optimism over a possible US-Iran diplomatic breakthrough lifted industrial stocks, while heavyweight tech pressure dragged the Nasdaq lower. Despite strong buzz around SpaceX's massive IPO interest, investors rotated out of high-valuation growth stocks into defensive and cyclical sectors.

U.S. Market Snapshot

US markets opened with clear divergence between industrials and technology:

Dow Jones Industrial Average rose 183 points (+0.36%) to 51,032.16

Nasdaq Composite slipped 0.2% to 25,764.8

S&P 500 remained flat, up less than 0.1% at 7,401.8

Market sentiment was shaped by:

Geopolitical optimism over US-Iran negotiations

Cooling crude oil prices

Pre-Fed policy unce...