Wall Street Holds Near Record Highs as Oil Prices Tumble on Iran Deal Hopes
Market Performance and Global Catalysts Wall Street indices hovered near all-time record highs on May 7, 2026, as investors reacted to a significant cooling in global energy markets. The S&P 500 and Nasdaq Composite maintained their upward momentum throughout the trading session, buoyed by the prospect of a breakthrough in diplomatic negotiations between the United…