Guys, thanks so much. Welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange. This maker break hour begins with stocks. Once again, at all-time highs, another stock going parabolic today, and why some suggest it's still okay to buy into this record-setting rally. We'll ask our experts if they agree. Coming up, there's the scorecard with 60 to go in regulation today. Stocks did turn green earlier on a report.

The U.S. and Iran could be closing in on a deal. We've heard that many times. We'll have the latest

coming up in just a minute. You have yields lower today. Oils down. That's helping a bit. Boy,

take a look at shares of snowflake today. Parabolic. That's the stock I'm talking about following

its earnings report. Yet another tech name, just ripping higher by near 40%. It does take us to our talk

of the tape. How long can stocks continue to fly high without a bigger broadening trade? We'll ask Schwab's

Lizanne Saunders in just a moment. First, though, let's go to Megan Kasella,

who has more on that headline that did move the market today. Megan.

Scott, that headline said the U.S. and Iran have reached agreement on a 60-day what they're calling

memorandum of understanding that would extend the ceasefire and then start negotiations over Iran's

nuclear program.

The big caveat, though, is that President Trump has yet to give his final approval.

So that was first reported by Axios, and U.S. sources then confirmed the details to us and our

colleagues at MS now.

And sources said that under the agreement, shipping through the Strait of Hormuz would be unrestricted, they said,

during the 60-day ceasefire, and all mines would be removed within 30 days. Iran then would

commit to negotiating the disposal of its highly enriched uranium, and the U.S. would commit to

discussing sanctions relief, as well as relief of frozen assets. But then, Scott, we heard from

Treasury Secretary Scott Bessent just in the last hour,

and he declined to confirm on the record that there was a deal in hand.

He said the two sides have been going back and forth,

and when he was asked whether Sanctions relief was on the table, he said this.

...