Dow, S&P 500 and Nasdaq close at record highs on US-Iran deal hopes
Major US stock indices reached record highs on May 28, driven by optimism surrounding a potential US-Iran deal. The S&P 500, Nasdaq, and Dow all posted significant gains as investors reacted positively to news of a ceasefire extension and reopening of the Strait of Hormuz. In contrast, Bitcoin and other cryptocurrencies struggled to gain traction, highlighting a divergence between traditional equities and digital assets.
- ▪The S&P 500 closed at 7,563.33, up 0.6%.
- ▪The Nasdaq Composite climbed 0.9% to 26,917.47.
- ▪A tentative US-Iran deal includes a 60-day ceasefire extension and reopening of the Strait of Hormuz.
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Dow, S&P 500 and Nasdaq close at record highs on US-Iran deal hopes Traditional markets surged on ceasefire optimism while crypto sat on the sidelines, with Bitcoin stuck below $73K amid persistent ETF outflows. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); All three major US stock indices hit fresh all-time highs on May 28, with investors betting heavily that a US-Iran deal is…
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