Dow Up, Avanos Medical Up

All three major indices rose today.

The NASDAQ rose 455.35 points.

The DOW rose 317.74 points.

The S&P rose 81.14 points.

Stocks moved higher as optimism around renewed U.S.-Iran talks helped push oil prices lower and improved investor sentiment. The broader market rally brought the S&P 500 to within roughly 0.2% of its record close, while the Nasdaq extended its winning streak to ten straight sessions.

The advance was broad-based, with easing crude prices helping reduce some immediate inflation pressure and supporting risk appetite across equities. Investors also continued shifting focus toward corporate earnings, which helped reinforce the constructive tone in the market.

All this as Avanos Medical shares rose $10.12 to end the day at $24.65 per share.

Avanos surged after American Industrial Partners announced an agreement to acquire the company in an all-cash deal valued at about $1.27 billion. Under the agreement, Avanos shareholders are set to receive $25.00 per share in cash, representing a 72.1% premium to the prior close.

The stock rallied toward the deal as the acquisition effectively reset the market's valuation around the cash consideration being offered to shareholders.