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Stocks Hit Record Highs on Iran Peace Optimism, Intel Skyrockets | Closing Bell
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April 24, 2026
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10:10Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Hopes that the US and Iran will be back to the negotiating table lifted stocks to all-time highs, with the market also rising after a blowout forecast from Intel Corp. and the closing of a probe into Federal Reserve Chair Jerome Powell.
A nearly 1% gain in the S&P 500 on Friday drove the index to its longest weekly advance since 2024. President Donald Trump will send two envoys to Pakistan with the intention of talking with Iranian officials. US crude dropped to around $94. Treasury yields fell as the Justice Department’s decision on Powell potentially cleared a path to Kevin Warsh’s confirmation as the next Fed leader, with traders boosting bets on interest-rate cuts.
Special envoy Steve Witkoff and the president’s son-in-law Jared Kushner are set to depart Saturday for talks this weekend, White House Press Secretary Karoline Leavitt told Fox News.
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