Oil prices rose following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks ticked to more records. The S&P 500 added 0.3% Monday to its prior all-time high set on Friday. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite climbed 0.4% to likewise set records. The price for a barrel of Brent crude rose more than 4%, which pushed up Treasury yields and hurt companies with big fuel bills. But strong profit reports from U.S. companies and continued strength for big technology stocks kept Wall Street's momentum going.
Stock indexes closed higher on Wall Street, adding to the all-time highs they set a day earlier. The S&P 500 added 0.2% Friday. That was the seventh straight gain for the index. The S&P 500 also closed out its ninth straight winning week, the longest such streak since 2023. Tech stocks led the way, including a 32.8% gain for Dell Technologies after the company delivered profits that blew past expectations. Dell also raised its outlook, citing powerful demand for AI computing. The Dow added 0.7%, and the Nasdaq composite rose 0.2%. European and Asian markets mostly rose. Brent crude fell 1.7%.