US crude fell to $98 on a report that President Donald Trump said Washington is in the “final stages” with Tehran. The S&P 500 broke a three-day losing streak. With Nvidia’s sales estimated to have grown at the fastest clip in more than a year, the shares led a rally in chipmakers. A rebound in Treasuries sent long-term yields down from the highest since 2007.

Trump said “we’ll see what happens” with Iran, adding that a deal will be made or “we’re going to do some things that are a little bit nasty, but hopefully that won’t happen,” according to a White House pool report.

“The only question is do we go in and finish it up, or are they going to be signing a document?,” Trump noted at a commencement ceremony, referencing the Iran conflict.