S&P 500 Record as Trump Hints Iran Peace, Nvidia Beats
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- S&P 500 extended its winning streak to eight weeks, staying less than 0.4% below its May 14 record close of 7,501.
- Trump said the United States was in the “final stages” of peace talks with Iran, lifting market sentiment.
- Oil prices fell from above $100 a barrel and the 30‑year Treasury yield retreated from its highest level since 2007, helping the market rebound on Wednesday.
- Nvidia posted a blockbuster quarter beating forecasts, yet its shares slipped 2.6% after earnings and another 0.5% on Friday.
- SpaceX filed for an IPO expected to be the largest in history, and cybersecurity stocks such as CrowdStrike kept climbing.
Why it matters: The S&P 500 staying within 0.4% of its record fuels gains for index investors, while AI and cybersecurity stocks attract fresh capital; easing oil and bond pressure and Trump’s Iran peace signal reduce risk premiums.
