From CNBC,
S&P 500 notches first close above 7,100, Nasdaq posts longest win streak since 1992.
The S&P 500 stock market index finished the day and the week at 7,126, after touching 7,147 during the day, a new all-time record. It finished the day up over 1 percent and the week up almost 5 percent. It’s up year-to-date (2026) almost 4 percent and up almost 35 percent for the past 12 months.
CNBC quotes one market strategist,
Investors are now “moving beyond this conflict,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. “I think the market has walked back the worst-case scenarios, and it sees a path for the U.S. and Iran to end the conflict and the Strait of Hormuz to remain open. As long as that remains the most likely path, then markets will discount it.”
Let’s see what the weekend brings.
