S&P 500 and Nasdaq Hit New Records as Iran Peace Deal Report Sends Oil Tumbling — AMD Soars 19%, Dow Tops 49,900
Wall Street staged a powerful broad-based rally on Wednesday, May 6, 2026, as a breaking Axios report that the United States and Iran were finalizing a 14-point peace memorandum sent oil prices crashing more than 7%, unlocking a surge in risk assets from New York to Madrid. The S&P 500 advanced 1.46% to 7,365.12, closing … Read more