Summary · why it matters
U.S. stock indexes settled higher on Friday, with the S&P 500 posting a 5-week high, as geopolitical tensions eased and chipmakers recovered. The S&P 500 closed up 0.42%, the Dow Jones Industrial Average rose 0.29%, and the Nasdaq 100 gained 0.33%. Stocks turned higher after crude prices whipsawed lower when President Trump said the U.S. would continue peace talks with Iran, and an American official confirmed ongoing negotiations for a permanent peace deal. South Korea’s SK Hynix jumped more than 12% in its Nasdaq 100 debut, helping chipmakers rebound, though cybersecurity stocks limited gains. The outlook for strong Q2 earnings also supported sentiment, with Bloomberg Intelligence forecasts suggesting a 23% increase, driven largely by AI infrastructure spending.