U.S. Stock Markets Rally on Hopes for U.S.-Iran Conflict Resolution

Thu, 07 May 2026 06:44:00 +0200

U.S. stock markets surged on May 6, 2026, following reports that the United States and Iran were nearing an agreement to resolve the ongoing conflict. The S&P 500 rose 1.46% to 7,365.12, reaching a record close, while the Nasdaq Composite jumped 2.02% to 25,838.94, also marking a record. The Dow Jones Industrial Average added 612.34 points, closing at 49,910.59. Axios reported that a potential deal includes a moratorium on Iran's nuclear enrichment, though President Donald Trump emphasized the agreement is not guaranteed, warning that military action could resume if talks fail. Oil prices fell sharply, with West Texas Intermediate dropping 7.03% to $95.08 per barrel and Brent crude falling 7.83% to $101.27, reflecting optimism that hostilities could end and the Strait of Hormuz could reopen. Strong corporate earnings also fueled gains, with Advanced Micro Devices soaring 18.6% on robust guidance and beat expectations, lifting the broader semiconductor sector. Other companies showing no