U.S. industrial and transport stocks rise after U.S.-Iran peace deal

Shares of U.S. manufacturers and transportation companies climbed after the U.S. and Iran signed a peace deal. Tesla gained attention after Elon Musk increased his voting power to 20% by exercising stock options, though the shares he converted cannot be sold until 2028. The easing geopolitical backdrop supported sentiment toward industrial names, with Dow Jones Industrial Average components broadly benefiting.