S&P 500 rises as hopes for US-Iran deal boost market optimism
The S&P 500 experienced a significant rise, closing up 1.4% at a record high due to optimism surrounding a potential US-Iran diplomatic breakthrough. The Nasdaq also reached a record, gaining 2%. In contrast, oil prices dropped more than 6%, reflecting changing market dynamics.
- ▪The S&P 500 closed at 7,363.68 on May 5-6, 2026.
- ▪The Nasdaq gained 2% to reach 25,838.94, marking a record high.
- ▪West Texas Intermediate crude futures fell over 6% to approximately $95 per barrel.
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S&P 500 rises as hopes for US-Iran deal boost market optimism Stocks hit record highs, oil drops more than 6%, and Bitcoin approaches $82K as diplomatic progress reshapes risk sentiment across markets. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv) sevioDiv.parentNode.removeChild(sevioDiv);…
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