Wall Street continues at a record pace – Hopes for peace lowered oil prices

In the United States, the stock market continued its record-breaking rise on the first day of May.

The S&P 500 index, called the world’s most important stock index, has risen for five weeks in a row. Investors’ confidence is strengthened by hopes for the end of the Iran war, strong earnings reports from companies and the sustainability of the US economy.

The S&P 500, which tracks large companies, rose 0.3 percent to 7,230.12 points. The technology-focused Nasdaq advanced 0.9 percent. Also for the Nasdaq, it is already the Fifth consecutive week of growth.

The flagship company index Dow Jones, on the other hand, fell by 0.3 percent. The Russell 2000 index, which tracks small companies, rose 0.5 percent.

Shares of US technology giants were mostly on the rise.

Yesterday I reported good results and instructions Apple strengthened by 3.2 percent. Amazon advanced by 1.2 percent, Microsoft 1.6 percent and Tesla 2.4 percent. Ten percent strengthened yesterday Alphabet increased by 0.2 percent. Known for its chips Nvidia decreased by 0.6 percent. The social media company that made investors nervous earlier this week with its investment intentions Meta decreased by 0.5 percent.

The price of crude oil was falling, although still well over one hundred dollars per barrel. According to media reports, Iran has submitted a new proposal for a peace agreement to the United States. President Donald Trump told reporters on Friday that Iran wants a deal, although he himself is not yet satisfied with the terms.