The S&P 500 and Nasdaq notched more record closes today, with the former securing its 12th-straight gain, marking its longest win streak since July 2009. The former secured its fourth-straight win, with the Dow settling higher as well after Lebanon and Israel agreed to a 10-day ceasefire. Investors continued to eye peace updates, but it's unclear when U.S. and Iran officials will talk again, and concerns around the economic impact of the war remain. Amid today's gains, the Cboe Volatility Index (VIX) marked its seventh consecutive loss -- its worst losing streak since November 2023.
Oil, Gold Prices Trek Higher
Oil prices settled higher on Thursday, as traders questioned whether U.S.-Iran talks will stop disruptions to energy supplies. May-dated West Texas Intermediate (WTI) added over 4% to settle at $94.69 per barrel.
Peace deal hopes made investors optimistic about the inflationary outlook and the path of interest rates, however. June-dated gold rose 0.3% to finish at $4,838.10 an ounce.
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