<div id="readability-page-1" class="page">Both the S&amp;P 500 and the NASDAQ Composite closed at fresh record highs today, while the Russell 2000 also ended at a new closing peak as investors embraced a stronger risk-on tone.The rally was fueled in part by growing hopes for a potential de-escalation in the Iran conflict. Reports circulated that a proposed one-page memorandum of understanding could eventually serve as the framework for a broader nuclear agreement down the road. Adding to the optimism were hopes that the Strait of Hormuz could reopen more fully to shipping traffic, easing concerns over global energy supply disruptions.That shift in sentiment sparked a sharp move lower in oil prices. June crude oil futures fell $7.18, or -7.02%, to settle near $95.09 as traders priced in reduced geopolitical risk and the possibility of improved supply flows.The NASDAQ and Russell 2000 index has been up 4 of last 5 trading days. The S&amp;P is up 3 of the last 4 days. The Russell 2000 is up 5.38% over the last 5 days, while the NASDAQ index is up 4.76%..Since bottoming on March 30, the<ul><li>NASDAQ is up 24.88%, </li><li>S&amp;P index is up 16.59%. </li><li>Small-cap Russell 2000 is up 20.03%</li></ul></div>

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Both the S&P 500 and NASDAQ Composite reached record highs, while the Russell 2000 also closed at a peak, driven by optimism over a potential de-escalation in the Iran conflict. This sentiment led to a significant drop in oil prices, with June crude futures falling 7.02% to around $95.09. The NASDAQ has risen 24.88% since March 30, while the S&P is up 16.59% and the Russell 2000 has increased by 20.03%.

- The S&P 500 and NASDAQ Composite reached record highs, with the Russell 2000 also closing at a new peak amid a risk-on sentiment.  
- This rally was driven by hopes for de-escalation in the Iran conflict and potential improvements in shipping traffic through the Strait of Hormuz, which led to a significant drop in oil prices.  
- Over the past week, the Russell 2000 gained 5.38%, the NASDAQ increased by 4.76%, and since March 30, the NASDAQ has risen by 24.88%.

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NASDAQ and S&P close at record levels. Dow breaks 50 K but backs off into the close.