Stocks Hit Fresh Highs as War Headlines Fade – US Market Wrap
Stocks rose, yields edged higher, oil held near $100, and the dollar was steady as markets shrugged off lingering war risks.
US stocks held record highs, with the S&P 500 up 0.3% after closing above 7,000 for the first time. Trump said prospects for a deal with Iran are “looking very good,” adding Tehran may have agreed to concessions including abandoning nuclear ambitions, though no confirmation has been given.
Trump also announced a 10-day ceasefire between Israel and Lebanon, easing fears of a broader regional conflict that could disrupt oil flows through the Strait of Hormuz.
The Nasdaq 100 gained 0.5% to a record, extending its longest winning streak since 2017 as strong guidance from Taiwan Semiconductor highlighted resilient AI chip demand. Brent traded around $98 after nearing $100 on reports a US-Iran deal could take up to six months. Treasury yields rose slightly, with the 10-year at 4.31%.
