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Wall Street rallies to record highs as S&P 500 and Nasdaq surge despite Iran tensions and oil spike
International
Published on 14 May 2026
Investors tuned out the Middle East as AI kept roaring
Wall Street pushed higher on May 11, with the S&P 500 and Nasdaq Composite closing at record highs despite escalating US-Iran tensions that sent oil prices up. The S&P 500 rose 0.19% to 7,412.84 and the Nasdaq gained 0.1% to finish at 26,274.13. The Dow added 95.31 points to end at 49,704.47. While Trump rejected an Iran proposal and warned the ceasefire was “on life support,” investors stayed focused on tech and AI—Micron and NVIDIA leading gains.
- S&P 500 closed at a record 7,412.84, up 0.19%
- Nasdaq Composite hit an all-time high of 26,274.13, up 0.1%
- Dow Jones rose 95.31 points to close at 49,704.47
- WTI crude jumped 2.78% to $98.07; Brent rose 2.88% to $104.20
- Micron gained 6.5% and NVIDIA rose nearly 2% on AI momentum
- Citigroup flagged Nasdaq 100 as a top AI investment route despite high valuations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times