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May 29, 2026

Stocks higher as profits keep piling up for US companies

By STAN CHOE
AP Business Writer

NEW YORK — The U.S. stock market pushed to more records Thursday as profits keep piling up for companies like Dollar Tree, Snowflake and Hormel Foods. A tentative deal to extend the ceasefire in the war with Iran by 60 days also helped lift the market and rein in oil prices.

The S&P 500 added 0.6% to its all-time high set the day before after drifting between small gains and losses in the morning. The Dow Jones Industrial Average rose 24 points, or less than 0.1%, and the Nasdaq composite climbed 0.9% as both indexes also set records.


 
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