[Breaking] S&P 500 Surges Past 7,300... All Major Indexes Close Sharply Higher

On May 6 (local time), all three major U.S. stock indexes surged to close higher, following reports that the United States and Iran are discussing the signing of a one-page memorandum of understanding (MOU) regarding the end of hostilities. In particular, the S&P 500 index broke through the 7,300 mark, setting a new all-time high.

On the New York Stock Exchange (NYSE) that day, the Dow Jones Industrial Average (Dow) closed up 1.24% compared to the previous trading day. The large-cap-focused S&P 500 index rose by 1.46%, while the tech-heavy Nasdaq index gained 2.03% at the close.

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