Wall Street hits new closing highs on tech strength and Middle East deal hopes
Wall Street reached new closing highs driven by strong tech earnings and hopes for a US-Iran ceasefire extension. The S&P 500, Nasdaq, and Dow Jones all set record highs, while Bitcoin surpassed $75,000. The potential easing of shipping restrictions through the Strait of Hormuz contributed to a positive market sentiment.
- ▪The S&P 500, Nasdaq, and Dow Jones Industrial Average all closed at record highs on May 29.
- ▪Dell's stock surged after reporting earnings that exceeded expectations, fueled by demand for AI servers.
- ▪Reports of a potential US-Iran agreement to extend a ceasefire for 60 days and ease shipping restrictions positively impacted the markets.
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Wall Street hits new closing highs on tech strength and Middle East deal hopes The S&P 500, Nasdaq, and Dow Jones all notched fresh records as AI-fueled tech earnings and a potential US-Iran ceasefire extension sent risk appetite soaring, with Bitcoin crossing $75K in the process. Share Add us on Google by Editorial Team May. 30, 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); Everything rallied on May 29.
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