Stocks across the board moved higher on May 5, driven by indications that the ceasefire between the United States and Iran was holding.
The Nasdaq Composite Index reached a new intraday high, surpassing its previous peak as investors became increasingly optimistic about the prospects for peace in the region.
Oil prices declined, with West Texas Intermediate crude falling 3.9% to $102.19 a barrel and Brent crude dropping 2.7% to $111.26.
Cryptocurrencies also saw gains, with Bitcoin climbing above $81,000 to reach a new high of $81,520, while Ether rose 1.9% to $2,393.