US-Iran Sets a Record Weekly Run for the S&P 500 – US Market Wrap

Hopes that a ceasefire deal could bring an end to the Iran dispute propelled equities to a historic weekly rise, aided by the artificial-intelligence trade.
The S&P 500’s over 20% rally from March lows propelled the index to its ninth consecutive weekly gain, the longest winning streak since 2023.
This incident has only happened a few times in the last four decades. Dell surged 33% on a promising forecast. Brent oil settled around $92 per barrel. Treasuries had their greatest week since the conflict started.
Multiple headlines on the likelihood of a truce renewal have whipsawed Wall Street, but hopes for some type of agreement between Washington and Tehran have continued to stoke risk appetite.
While it is unknown when a memorandum of understanding will be finalized, an administration official told the New York Post that it was the “closest” the two sides have been.
Trump stated in a social media post that he was prepared to make a “final determination” on a preliminary deal to prolong the ceasefire. He departed the Situation Room meeting hours later without reaching a conclusion, according to the New York Times.