S&P 500 Extends Record Run to 7,580 on Iran Ceasefire Hopes

The S&P 500 reached a fresh record close of 7,580.06 on May 29, extending its winning streak amid optimism over a preliminary US-Iran 60-day ceasefire MoU. The benchmark climbed from 7,519.12 on May 26—when Micron topped $1 trillion market cap—to 7,520.36 on May 27 and 7,563.62 on May 28 as oil prices fell over 5% to $88.68 and the VIX hit a four-month low of 15.73. Strong AI-driven tech earnings and easing geopolitical risks fueled the four-day advance across major indices.