Stock Market Extends Winning Streak to Five Weeks on Peace Hopes and Strong Earnings

U.S. stocks climbed for a fifth consecutive week, marking the longest weekly rally since 2024, fueled by optimism over a potential end to the Iran conflict and robust corporate earnings. The S&P 500 posted its fifth straight weekly gain, with tech shares leading the charge on Friday after Apple Inc. issued a solid forecast. Hopes for a lasting ceasefire following a fragile truce, combined with signs of economic resilience, have buoyed investor sentiment. Meanwhile, crude oil prices fell to around $102 per barrel amid reports that Tehran presented a new proposal to Washington, further lifting market mood. The rally underscores confidence that peace efforts and strong fundamentals can sustain the bull run.