US stocks don rise to record highs to cap a month wey be like say everything dey sweet as President Trump tok say he go soon make decision on deal with Iran, while Dell (DELL) earnings report spark the latest rally for the booming AI trade.
AI trade and hopes of easing global tensions dey push market up. The S&P 500 don notch im ninth week of gains, wey be im longest winning run since 2023.
Since Trump signal last week say the US dey for the final stages of talks with Iran, markets don remain upbeat. The president statement late Friday afternoon say he go soon make final determination on the deal add more fuel to the rally.
Markets dey eager for relief on the US-Iran war front as the closure of the Strait of Hormuz dey exacerbate rapidly rising prices and drums up concerns about the Federal Reserve next moves on interest rates.
For corporates, Dell (DELL) results blow past investors expectations, lifting im stock as much as 40% higher. The company issue an upbeat outlook, indicating the rapid expansion of data centers amid the AI boom go continue to drive demand for im servers, wey run on Nvidia (NVDA) chips.
