Wall Street pushes to more records as profits keep piling up for US companies
NEW YORK (AP) — The U.S. stock market pushed to more records Thursday as profits keep piling up for companies like Dollar Tree, Snowflake and Hormel Foods. A tentative deal to extend the ceasefire in the war with Iran by 60 days also helped lift the market…
The U.S. stock market reached new highs on Thursday as companies reported stronger-than-expected profits. Stocks like Dollar Tree, Snowflake, and Hormel Foods contributed to the surge. A tentative deal to extend the ceasefire in the Iran war by 60 days also lifted the market and helped to curb oil prices. The S&P 500 reached its all-time high, while the Dow Jones Industrial Average and Nasdaq composite also set new records.
After oil prices fell from their morning highs following the reported agreement, oil settled at $88.90 per barrel. Despite concerns over high inflation, U.S. companies have consistently exceeded analysts' expectations for the first three months of 2026, driving stock prices higher.
Written by urgent.news from Associated Press's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
