S&P 500 and Nasdaq Hit Record Highs as Geopolitical Tensions Ease

Key Facts

The Dow Jones index closed higher on Friday as markets reacted positively to the two-week ceasefire agreement between Washington and Tehran. Investors are now looking forward to scheduled follow-up diplomatic talks between the United States and Iran, which have helped stabilize oil prices and Treasury yields. Market attention is also shifting toward Tesla's upcoming earnings report, with the stock maintaining momentum alongside the reopening of the Strait of Hormuz. Sentiment remains supported by better-than-expected 2027 Medicare payment rates and reports of a potential $2 trillion SpaceX IPO in June. Overall, the market continues to balance strong technology gains with the upcoming Federal Reserve confirmation hearing for Kevin Warsh.