US stocks rose to record highs Wednesday, with the Nasdaq +2%, S&P 500 +1.46%, and Dow +600 points, driven by AI-led tech gains and optimism over a potential US-Iran deal. Strong earnings supported sentiment, with about 85% of S&P 500 companies beating profit estimates and 77% topping revenue forecasts. Oil prices fell below $100 on deal expectations. ADP data showed 109,000 private-sector jobs added in April.

2026-05-07

US stocks rose to record highs Wednesday, with the Nasdaq +2%, S&P 500 +1.46%, and Dow +600 points, driven by AI-led tech gains and optimism over a potential US-Iran deal. Strong earnings supported sentiment, with about 85% of S&P 500 companies beating profit estimates and 77% topping revenue forecasts. Oil prices fell below $100 on deal expectations. ADP data showed 109,000 private-sector jobs added in April.