S&P and Nasdaq Close at Record Levels
2026-05-26 20:09
By
Joana Taborda
1 min. read
The S&P 500 gained 0.6% on Tuesday and the Nasdaq climbed 1.2% to fresh record highs while the Dow Jones finished 118 points lower as investors returned from the long weekend with continued focus on developments in the Middle East.
Markets remained cautiously optimistic that the US and Iran could still reach an agreement, with traders viewing the two sides as closer than ever to a deal despite mixed signals and further strikes.
Technology, industrials, and materials led the market higher, while energy and consumer staples stocks posted the steepest declines.
Among individual movers, Micron Technology surged 19.3%, pushing its market capitalization above $1 trillion for the first time after UBS raised its price target and said the stock could more than double.
Alphabet rose 1.4%, Broadcom advanced 1.9%, and Tesla gained 1.8%.
On the downside, Nvidia slipped 0.2%, while Microsoft and Amazon fell 0.6% and 0.4%, respectively.
Exxon Mobil also declined 3.3% and Walmart was down 1.4%.