S&P 500 Closes Near Record on Iran Peace Push: Markets Wrap

WATCH: Peter Oppenheimer of Goldman Sachs sees “a reasonable degree of upside” for US equities if oil prices moderate further.Source: Bloomberg

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By Ira Iosebashvili, Isabelle Lee, and Vildana Hajric

April 13, 2026 at 10:32 PM UTC

Updated on

April 14, 2026 at 8:11 PM UTC

Stocks surged on Tuesday, with the S&P 500 Index closing within sight of a fresh record as optimism on the possibility of further peace talks between the US and Iran pushed down oil prices.

The benchmark index finished 1.2% higher a day after erasing its war-driven losses, extending a rebound that has brought it to the brink of its late-January peak. The tech-heavy Nasdaq 100 rose 1.8% for a 10th straight day of gains — its longest such streak since 2021.