Dow Smashes Records Amid Global Economic Resilience

The Dow Jones Industrial Average hit a record-high close on Monday, driven by solid manufacturing data and optimism around earnings and U.S.-Iran peace hopes.

The yen slumped to a three-month low after a historic bout of coordinated U.S.-Japanese intervention, with Japan estimated to have spent almost $100 billion over the past 48 hours defending its currency.

U.S. stocks rallied strongly, with the S&P 500 rebounding to within 0.5% of its record high and the Dow notching a fresh record-high close.