S&P 500, Nasdaq Reach Record Highs on Jobs, Iran Deal
SkimNews Take
The simultaneous tailwinds from strong jobs data and geopolitical de-escalation compress perceived risk across both growth and stability dimensions — a rare alignment that historically inflates equity multiples until one signal reverses.
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- S&P 500 closed at a fresh all‑time high, extending its winning streak to six consecutive weeks.
- Nasdaq also hit a record level, driven by a tech‑sector rally and marking its longest winning streak since 1992.
- Iran deal hopes lifted risk appetite, boosting equities across the board.
- US stocks rose on solid jobs data, offsetting the drag from higher oil prices.
Why it matters: Investors reap gains as equities climb, while oil producers face weaker demand; the rally underscores how jobs data and potential Iran diplomacy can lift risk assets, propelling the S&P 500 to a sixth straight week of gains.
