# S&P 500 and Nasdaq Composite closed at record highs Monday, driven by continued investment in technology and AI stocks.

*genai · news · 2026-05-11 · The Economic Times*

## Key points

- The S&P 500 closed at a new record of 7,412.84, with Nasdaq also hitting an all-time high.
- Trump rejected Iran's ceasefire proposal, warning the US-Iran truce is now 'on life support.'
- Micron Technology surged 6.5%, and NVIDIA rose nearly 2%, leading the AI stock rally.
- Copper prices reached a record close of $6.4605, up over 13% for 2026 so far.
- Citigroup analysts named the Nasdaq 100 as Wall Street’s top pick for AI investments.

**Companies:** NVIDIA, Micron Technology
**Countries:** United States, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/sp-500-nasdaq-hit-record-highs-and-dow-jones-rises-despite-soaring-oil-prices-and-trump-warning-irans-ceasefire-is-on-life-support-heres-how-us-stock-market-performed-on-may-11/articleshow/131023710.cms)

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