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5-7-2026: All-Time Highs, Semiconductor Surge + Oil Swings
7m 4s
Michael Reinking, NYSE Senior Market Strategist, recaps a volatile week as Iran headlines drove swings in oil and markets. Despite the uncertainty, the S&P 500 pushed to fresh all‑time highs on a strong earnings backdrop. Results have broadly exceeded expectations, led by powerful growth in AI‑driven sectors like semiconductors. Economic data continues to signal resilience, supporting the rally. Focus now turns to upcoming jobs and inflation data alongside ongoing geopolitical developments.