# U.S. equities pushed to fresh record highs by midday Wednesday.

*business · news · 2026-05-06 · Benzinga*

## Key points

- President Trump confirmed a diplomatic push to end the Epic Fury operation and the Blockade.
- A potential Washington-Tehran deal could reopen the Hormuz Strait if Iran agrees to terms.
- WTI crude oil dropped 6.6%, erasing nearly 16% of its value so far this month.
- The Nasdaq 100 hit a new record, driven by strong AI-infrastructure earnings.
- Uber's stock jumped 7% after providing an upbeat bookings forecast.

**Companies:** Uber Technologies Inc.
**Countries:** United States, Iran

[Read the full story on Benzinga](https://www.benzinga.com/markets/equities/26/05/52335887/amd-earnings-iran-peace-oil-sp500-record-markets-wednesday-stock-today)

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