The U.S. stock market rose to records as it caught up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war. The S&P 500 climbed 0.6% Tuesday after trading resumed following Monday’s holiday and set an all-time high. The Nasdaq composite rallied 1.2% to set its own record, while the Dow Jones Industrial Average dipped 0.2% from its all-time high. Micron Technology led the way, and its stock has more than tripled so far this year. Treasury yields eased in the bond market.

Global shares are mostly higher and oil prices have dropped after U.S. President Donald Trump said talks on ending the war with Iran are progressing. U.S. futures jumped, though markets will be closed Monday in the U.S. for the Memorial Day holiday. Trading was closed in South Korea and Hong Kong to celebrate Buddha's birthday. Trump said negotiations on the war were “proceeding in an orderly and constructive manner.” Officials told The Associated Press that the United States is close to reaching a deal with Iran that would end the war and reopen the Strait of Hormuz. On Friday, the S&P 500 added 0.4% and the Dow industrials climbed 0.6%. The Nasdaq composite gained 0.2%.