Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide (opens original article in a new tab)

Wall Street's main indexes rallied as the US-Iran deal eased inflation fears, with the Dow hitting a record high and oil prices dropping. The deal, though not addressing key issues, led to lower oil prices which benefited some sectors while hurting energy stocks. Investors also focused on the upcoming Federal Reserve policy update.

• Wall Street indexes rallied with Dow hitting record high after US-Iran deal eased inflation fears
• Oil prices fell 4.9% to lowest since March, benefiting airlines and hurting energy stocks
• Federal Reserve's policy update and potential rate hikes remain key focus for investors