Small gains on Wall Street. S&P 500 with a new record

Monday's session on Wall Street ended with a majority of gains among the main indices, and the S&P 500 set a new historical record. Investors are quite calm about the lack of progress in peace talks between the US and Iran.

The Dow Jones Industrial dropped 0.13 percent at the close. and amounted to 49,167.79 points. The S&P 500 increased by 0.12% at the end of the day. and amounted to 7,173.91 points. This is a new historical record for this index. The Nasdaq Composite rose 0.20%. up to 24,887.10 points The Russell 2000 mid-cap index is up 0.04%. and amounts to 2,788.19 points. The VIX index loses 3.69%. up to 18.02 points

President Donald Trump on Saturday scrapped plans to send US special envoy Steve Witkoff and Jared Kushner to Pakistan for ceasefire talks on Iran, noting that negotiations could be held by telephone.

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– Too much time wasted traveling, too much work!” the president wrote in a post on Truth Social. – Nobody knows who's in charge, including them. Besides, we have all the cards; They don't have any! If they want to talk, all they have to do is call!!”

Iranian Foreign Ministry spokesman Esmaeil Baqaei said no meeting was currently planned between Tehran and Washington.

Oil prices were higher on Monday as the US and Iran remained at a stalemate. West Texas Intermediate futures rose 2.12%. to $96.40 a barrel, while international Brent crude futures rose 2.64 to exceed $108 a barrel.

According to some reports, Iran offered the US a new proposal to reopen the Strait of Hormuz and end the war, while also suggesting the postponement of nuclear talks.

“While this is a moderate downside, we still believe the conflict is on a path to de-escalation,” Vital Knowledge's Adam Crisafulli said in a note.

Although investors have begun to turn a blind eye to the war, after a week full of record highs, the market remains “in the game,” according to Falcon Wealth's Gabriel Shahin. This even as earnings season continues to progress after a positive start. “Oil prices will continue to be very important because … that's a key factor,” the CEO and founder said, noting that stability should only come “when the strait is more controlled.” He continued: “That's why I still think Iran is [najważniejszym] priority.”

However, it's possible that “we'll have some quiet over the next seven days,” depending on how the week's quarterly results turn out.

This week is the busiest of the reporting season. On Wednesday, the following companies will show their results for the first three months of 2026: Meta, Amazon, Microsoft and Alphabet, and Apple will present them on Thursday.

According to FactSet, a total of 28 percent S&P 500 companies have so far reported actual results for the first quarter of 2026. Of these companies, 84 percent reported actual EPS above estimates, which is above the 5-year average of 78%. and above the 10-year average of 76 percent. (PAP Business)

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