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New York (CNN) — US stocks opened higher on Thursday and the benchmark S&P 500 was just a whisker away from hitting an all-time high.

U.S. stocks ran up to the edge of another record. The S&P 500 rose 0.8% Thursday and is just 0.05% below its all-time closing high, which was set in February.

U.S. stocks are climbing, and the price of oil is tumbling Monday on growing hopes that Iran will not disrupt the global flow of crude.

The Federal Reserve’s decision to pencil in two rate cuts by the end of 2025 kept stocks higher, with sentiment also buoyed by hopes that the Middle East conflict would de-escalate.

Wall Street recovers from Friday’s shock as US stocks rise and oil prices ease Calm returned to Wall Street, and U.S. stocks rallied.

Home Investing Stocks Stock Market Today: Stocks Rise as Treasury Yields Drop A round of not-too-terrible economic data helped boost the bond market Thursday.

U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher, the Energy Information Administration (EIA) said on Wednesday.

CRDO recorded a positive one-day return in 54% of cases after earnings releases over the past three years.

European stocks gained after President Donald Trump said he would extend the deadline for the region to face higher tariffs, as investors weigh the prospects for a longer-term trade deal.

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