Wall Street Rises to More Records as US Stocks Catch up to the World's Gains From the Day Before
The S&P 500 and Nasdaq set records as easing Treasury yields and hopes for lower oil prices lifted shares across sectors, analysts said.
- On Tuesday, U.S. stocks hit all-time highs as the market caught up with global climbs from Monday, when President Donald Trump said negotiations were "proceeding nicely" with Iran, with the S&P 500 adding 0.6% and Nasdaq climbing 1.2% to records.
- President Trump's statement lifted investor hopes for improved global oil flow, easing Treasury yields to 4.50% from 4.56% late Friday and boosting stocks of companies with big fuel bills.
- Micron Technology leaped 16.5% to $870 after UBS analysts led by Timothy Arcuri raised their 12-month price target to $1,625 from $535; United Airlines rose 5.4% and Carnival steamed 3.2% higher, though AutoZone dropped 11.6% as CEO Phil Daniele cited weaker Brazil and Mexico store performance.
- Strong corporate earnings offset household discouragement, with most big U.S. companies reporting early-2026 results above expectations, though consumer confidence declined in May and elevated mortgage rates threaten artificial-intelligence data-center investment.
- The U.S.-Israel war with Iran since late February has closed the Strait of Hormuz to most oil tankers, keeping crude pent up in the Persian Gulf and driving global inflation, though U.S. military self-defense strikes in southern Iran earlier Tuesday briefly pared gains before peace-talk sentiment returned.
12 Articles
12 Articles
US stocks today: US stocks rise near record highs on Iran deal hopes, oil climbs
U.S. stocks rose Tuesday, catching up after a holiday, as optimism over U.S.-Iran talks lifted sentiment. The S&P 500, Nasdaq and Dow hovered near record highs, while oil prices climbed amid geopolitical tensions. Asian and European markets were mixed as investors weighed conflict risks against hopes of a diplomatic breakthrough.
Wall Street rises to more records as US stocks catch up to the world's gains from the day before
NEW YORK (AP) — The U.S. stock market rose to more all-time highs and caught up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war. The S&P 500 added 0.6% Tuesday after trading resumed following Monday’s holiday. The Nasdaq composite climbed 1.2% to reach a record of its own. The Dow Jones Industrial Average slipped 0.2%. Treasury yield…
US stocks add to gains on hopes for Iran deal
The broad-based S&P 500 gained 0.6%, while the tech-rich Nasdaq Composite Index gained 0.8%. (EPA Images pic) NEW YORK: Wall Street stocks climbed early Tuesday, extending an upbeat stretch as markets bet negotiators are nearing a resolution to the US-Iran conflict that would reopen the Strait of Hormuz. “The market is so hopeful for a deal that would open the Strait of Hormuz that it doesn’t care about the details and it is willing to trade on …
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