Stocks Soar as Trump Says Iran Talks in “Final Stages” and Nvidia Delivers

MPC Markets Morning Call · May 21, 2026 · 14m

Wall Street surged on Wednesday as Trump said Iran talks were in the “final stages,” sending oil plunging 5.5% and lifting both stocks and bonds. The S&P 500 jumped 1.1% to 7,432.24, the Dow reclaimed 50,000, and the SOX index leapt 4.5%. After hours, Nvidia beat on revenue ($81.62B vs $78.86B est), guided Q2 to $91B (vs $87B est), announced an $80 billion buyback and raised its dividend to $0.25. Fed minutes showed a majority of officials warned hikes “would likely become appropriate” if inflation persists. SpaceX filed for its Nasdaq IPO. Anthropic’s revenue is projected to more than double…