US stocks today: S&P 500, Nasdaq touch fresh peaks as oil retreats further

The S&P 500 and Nasdaq reached record highs on Thursday, driven by a significant drop in oil prices. Hopes for a U.S.-Iran peace agreement could normalize crude supplies through the Strait of Hormuz, boosting market sentiment. The Dow Jones Industrial Average also saw gains.

May 7, 2026 - 18:00
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US stocks today: S&P 500, Nasdaq touch fresh peaks as oil retreats further
The S&P 500 and Nasdaq reached record highs on Thursday, driven by a significant drop in oil prices. Hopes for a U.S.-Iran peace agreement could normalize crude supplies through the Strait of Hormuz, boosting market sentiment. The Dow Jones Industrial Average also saw gains.

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