US stocks climb as oil falls and SpaceX deal impacts telecom

U.S. stock indices edged up slightly as oil prices declined after U.S. President Donald Trump announced that the United States would not attack Iran before next month's Congressional elections, leading to stability in oil prices above $100 per barrel. At the same time, U.S. Treasury bond yields remained steady at 5.25%. The technology and high-growth sector results drove the indices higher, despite a decline in telecom stocks following SpaceX's acquisition of soft spectrum licenses, which raised concerns about increased competition in the sector. Third-quarter earnings season forecasts support the market, amid ongoing geopolitical tensions and rising costs for companies.

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