Original Source
US Stocks Rise on Middle East Peace Hopes and Strong Corporate Earnings
US Stocks Climb on Middle East Progress and Corporate Earnings
US stocks rose on Friday, with the Dow reaching an intraday record high, as investors cheered signs of progress in talks to end the Middle East conflict and a strong corporate earnings season. The Dow added 0.58%, the S&P 500 climbed 0.37%, and the NASDAQ gained 0.19%.
The US has made some progress toward a deal with Iran, though more work remains, said Secretary of State Marco Rubio on Friday. Iran's Foreign Ministry spokesman also stated that differences between the two sides remain deep. Shana Sissel, founder and CEO of Banrion Capital Management, said investors should expect more bumps in the road as these talks continue, and that global oil markets will be under pressure, leading to higher volatility in equity and fixed-income markets and higher than average inflation until some resolution is reached.
Technology Sector and Company Results
Semiconductor stocks, which have driven recent Wall Street gains, were mostly higher, though NVIDIA slipped about 2%. Shares of US computer makers surged following strong results from China's Lenovo Group, with Dell climbing nearly 17%. Workday rose 5% after the human resources software provider exceeded expectations for first-quarter revenue and profit.
*Source: YouTube: Reuters (2026-05-23)*
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