S&P 500 up 0.2% as Brent falls on Iran ceasefire talks
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- S&P 500 rose 0.2% early Friday, extending a six‑day winning streak and eyeing a ninth straight winning week, the longest since 2023.
- Dell Technologies surged about 33% after reporting Q1 sales of nearly $44 billion, topping forecasts, raising its full‑year outlook, and securing a $9.7 billion Pentagon contract.
- Brent crude slipped $1.26 to $91.44 per barrel as a tentative 60‑day ceasefire extension between the U.S. and Iran lifted some oil‑market pressure.
- Gap fell 15% after it nudged past Q1 profit targets but cut its full‑year sales guidance.
- Iran and U.S. negotiators reached a tentative 60‑day ceasefire extension and a new round of nuclear talks, pending President Trump’s sign‑off; Iran has not yet publicly confirmed the deal.
Why it matters: Investors benefit from the S&P 500’s record streak and cheaper oil, while energy exporters see lower revenues; Dell’s surge lifts tech, but Gap’s slump drags retail sentiment.
