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Barchart
Barchart
Rich Asplund

Stocks Climb on US-Iran Peace Hopes and Strength in Chipmakers

United States Iran Nasdaq ARE Inflation Christopher Waller University of Michigan Dow Jones Industrial Average ECB the Wall Street Journal

The S&P 500 Index ($SPX) (SPY) today is up +0.50%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.63%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.73%. June E-mini S&P futures (ESM26) are up +0.47%, and June E-mini Nasdaq futures (NQM26) are up +0.73%.

Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting 1-week highs, and the Dow Jones Industrials posting a new all-time high. Stocks are supported by hopes that the US and Iran are moving closer to a peace deal. Also, chipmakers and AI-infrastructure stocks are climbing amid the unrelenting enthusiasm for artificial intelligence. In addition, Workday is up more than +3% to lead software stocks higher after reporting better-than-expected Q1 results and giving a positive outlook.

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