EconomyStocks Rise at Start of CPI Week; Iran’s Hormuz Deal Remains Elusive

US equity futures advanced after the payrolls report pointed to a sharp cooling in the labor market, helping stocks reach a new record. Oil prices moved higher as an agreement between Iran and Oman over the Hormuz shipping route remained out of reach. TSMC reported a 45% increase in monthly sales, supported by strong demand for artificial-intelligence hardware. Thierry Wizman of Macquarie Group looked ahead to the inflation figures.