U.S. stock market hits four records: investors await U.S.-Iran agreement

U.S. stock indices reached new records after several media outlets reported that the U.S. and Iran reached a preliminary agreement to extend the truce for 60 days and launch further talks on the nuclear program. According to Axios, the memorandum of understanding, which the parties may sign, will provide for "unlimited" shipping through the strategically important Strait of Hormuz. Iran will have to remove all mines from the strait within 30 days.

- The broad market index S&P 500 rose by almost 0.6% at the end of trading on Ma. 28 and reached an all-time high of 7,563.7 points.

- The blue-chip index Dow Jones Industrial Average added a symbolic 0.05% on Thursday, but also reached a new record of 50,669.77 points.

- The Nasdaq Composite Technology Sector Index jumped 0.9%, ending trading at a peak of 26,917.47 points. The index's cumulative gain for April and May is now 24.4%, the strongest two-month climb since Ma 2009, according to Dow Jones Market Data cited by MarketWatch.

- The Russell 2000 index of small and mid-capitalization companies rose 0.7% to 2,940.24 points. This is also a record.

- The yield on 30-year U.S. government bonds fell below 5% for the first time since Ma. 12. Investors' concerns about inflation fueled by high oil prices caused bond yields to jump to multi-year highs, MarketWatch recalls.

- Brent crude futures fell 0.36% to $93.95 a barrel, while WTI crude rose 0.73% to $89.33 a barrel.

The news is supplemented.

This article was AI-translated and verified by a human editor