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JUST IN: S&P 500 hits new all-time high

THE S&P 500 JUST CLOSED ABOVE 7,400 FOR THE FIRST TIME IN HISTORY Both indexes hit fresh all-time intraday highs on a day when Trump called the Iran ceasefire "unbelievably weak" and oil spiked 2%. Here's how the day shook out: - S&P 500: +0.2% - Nasdaq: +0.1% - Dow: +0.2% Trump rejected Iran's latest peace proposal as "TOTALLY UNACCEPTABLE" on Truth Social, saying the month-old ceasefire is "on life support." WTI crude climbed 2% above $98 per barrel. Brent rose 2% above $104. Tech carried the tape: - Micron $MU: +7% as the memory chip rally continued - Nvidia $NVDA: +2% This was the 6th straight weekly gain for both the S&P 500 and Nasdaq, the first time either index has pulled off that streak since 2024. Per CNBC, one strategist put it: "The tech boom is just too powerful to let the fact that energy prices are high affect the U.S. economy or the U.S. stock market."