S&P 500 (SPX) Hits All-Time Highs Above 7400 Amid Iran Conflict

The S&P 500 (SPX) closed above 7,400 for the first time, rebounding approximately 17% from its March low of around 6,300. Despite the ongoing U.S.-Iran conflict and rising oil prices, which peaked above $120 a barrel, market resilience remains strong. A review by Trivariate Research found that only 10% of the U.S. equity market cap expects a negative impact from the tensions. This suggests that many companies are insulated from higher energy costs, potentially leading to sustained growth in the index.