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S&P 500 Hits Record High as Iran Peace Hopes Hold | Closing Bell
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May 26, 2026
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10:04Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Alexandra Semenova and Tim Stenovec.
Wall Street kicked off the holiday-shortened week with stocks joining bonds higher as hopes for a peace deal between the US and Iran overshadowed military strikes in the Persian Gulf.
Expectations of an agreement drove the S&P 500 to a record, with chipmakers leading the charge. Micron Technology Inc. topped $1 trillion in value. Treasury yields fell as concerns over a flare-up in inflation eased, making traders pare back their wagers on near-term Federal Reserve rate hikes. Brent rose to around $100 after sinking more than 7% on Monday.
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