# The S&P 500 Index ($SPX) (SPY) is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA), is up -0.

*business · news · 2026-05-11 · Barchart*

## Key points

- President Trump and Iran rejected each other's latest peace proposals, prolonging the Middle East standoff.
- Goldman Sachs estimates the Strait of Hormuz disruption has drawn nearly 500 million barrels from stockpiles.
- China's April exports and imports far exceeded expectations, signaling stronger global growth momentum.
- Swaps imply an 84% chance of a 25 bp ECB rate hike on June 11 due to energy price risks.
- Dream Finders Homes is reportedly close to announcing a $704 million offer to acquire Beazer Homes.

**Companies:** Qualcomm, Micron Technology, Intel, Seagate Technology Holdings, Texas Instruments, Nvidia, Applied Materials, Lam Research, Goldman Sachs, Western Digital, Barrick Mining, Freeport McMoRan, Carnival, American Airlines Group, United Airlines Holdings, Dell Technologies, Dream Finders Homes, Beazer Homes USA Inc, Babcock & Wilcox, Lumentum Holdings, Wendy's
**Countries:** United States, Iran, China, Japan, United Arab Emirates, Kuwait

[Read the full story on Barchart](https://www.barchart.com/story/news/1850843/strong-earnings-and-ai-optimism-push-the-s-p-500-and-nasdaq-100-to-record-highs)

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