US Stocks Rise to Records
2026-05-26 13:33
By
Andre Joaquim
1 min. read
US equities rose to their records on the first trading day of the week, supported by signals of a potential agreement between the US and Iran over the weekend.
The S&P 500 and the Dow gained 0.6% and 0.4%, respectively, while the tech-heavy Nasdaq jumped almost 1%.
US President Trump and Secretary of State Rubio stated they are close to agreeing with concessions on a deal that would restore energy trade through the Strait of Hormuz, lowering oil prices and limiting the impact of surging inflation.
Stocks held their gains despite fresh strikes between US and Iranian forces, denting certainty for the deal.
AI hyperscalers and compute infrastructure companies were mostly higher after leading the main stock indices this year.
Tesla, Nvidia, and Amazon were around 1% higher.
Also, Micron soared over 8% after receiving a recommendation upgrade and higher target from UBS.
On the other hand, Melrose sank 8% after authorities ordered precautionary evacuations in its GKN facility.