Yahoo Finance | EN590 Commodities

Crude Oil · 2026-05-07T16:31:26.000Z

US stocks edged up at the opening bell on Thursday, set to add to all-time highs as investors watched for Iran’s response to a US peace proposal and combed through labor updates and fresh earnings reports. The Nasdaq Composite (^IXIC) rose 0.5%, while the S&P 500 (ES=F) climbed 0.2% on the heels ofrecord-high closesfor the tech-exposed benchmarks. The Dow Jones Industrial Average (^DJI), meanwhile, fell 0.1%. Iran is said to be evaluating a US proposal to end the near-10-week war, and it is expected to give its response as soon as Thursday,CNN reported.The signs of progress toward relieving the blocked Strait of Hormuz pushed Brent (BZ=F)oil futures below $100 a barrel, helping spur arally in gold(GC=F) as inflation worries eased. Market sentiment also got a lift from this week’s steady ma

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