On Thursday, global stocks reached new highs as investors leaned into strong tech earnings and hopes for a U.S.–Iran peace deal, while oil steadied after a sharp slide, gold stayed firm, and crypto softened slightly with Bitcoin holding near $81K.
Crypto
Crypto eased, with market value at $2.68 trillion, down 0.2 percent, the Fear and Greed Index at 50, the Altcoin Season Index at 40, and the average RSI Index at 55.49, leaving Bitcoin ahead while the wider market paused after recent gains.
Bitcoin traded at $81K, down 0.27 percent, while Ethereum fell to $2K, down 0.80 percent, Solana slipped to $88, down 0.76 percent, and BNB moved lower to $645, down 0.41 percent.
Spot Bitcoin ETF flows cooled after two strong sessions, with $532 million entering the group on May 4, followed by $467 million on May 5, before $88 million left on May 6.
Commodities
Oil remained well below recent highs after Wednesday’s sharp selloff, with U.S. crude at $95.65, down 0.57 percent, and Brent at $105.77, down 0.07 percent, as traders weighed Iran’s review of a U.S. proposal against warnings that any restart in supply would take time.
Gold traded at $4,705.40, up 0.31 percent, holding near a one-week high as investors waited for clearer signs of whether diplomacy can bring a lasting break in the conflict, while silver rose 0.63 percent to $77.80.
Stock Market Indices
U.S. stocks rallied, with the S&P 500 at 7,365.11, up 1.46 percent, the Dow Jones Industrial Average at 49,910.59, up 1.24 percent, and the Nasdaq Composite at 25,838.94, up 2.02 percent. The advance was led by tech and chip names, with earnings strength and lower oil giving investors more room to buy growth again.
In global markets, Japan’s Nikkei 225 jumped 5.12 percent to 62,460, while the FTSE 100 gained 0.14 percent to 10,454.3, as peace hopes and softer energy prices lifted sentiment across major markets.
Geopolitics & Market Sentiment
On the diplomatic front, Iran is reviewing a U.S proposal that could formally end the war, though key issues around the nuclear file and shipping through the Strait of Hormuz remain unresolved.
On the economic front, oil remains the key economic factor, with lower prices easing some inflation pressure, though traders are still watching whether any deal can restore supply quickly as bond yields, fuel costs, and upcoming U.S. data keep central-bank expectations in focus.
