Oil prices surged following reports of potential Israeli preparations for strikes on Iranian nuclear facilities, as indicated by US intelligence. Asian stocks experienced gains, while US equity futures showed slight declines. Geopolitical tensions are resurfacing, potentially impacting markets that had recently stabilized after tariff-related volatility.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.