MPC Morning Call

Dow Hits Record as Tech Bounces

US stocks rallied to close out what’s shaping up as the best quarter in six years, with the Dow hitting a record 52,182 as Alphabet made its blue-chip debut. Tech bounced hard after last week’s AI-driven selloff, while the yen slid to 40-year lows and US-Iran talks in Doha offered a fragile path to de-escalation.