The $75 billion in proceeds easily topped the previous record initial public offering from oil giant Saudi Aramco in 2019.
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A deal to end the war with Iran could reopen the Strait of Hormuz and allow oil tankers to carry crude again from the Persian Gulf to customers worldwide.
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Wall Street has been shaky since last week, when AI stocks went from roaring to records to suddenly turning lower.
Banks, small companies and other stocks that had earlier been left behind by the euphoria around artificial-intelligence technology led the way.
Analysts are forecasting continued strength in demand for computer memory, and Micron Technology’s stock price has already more than tripled so far this year.
The gains came even though fighting continued in the region, and the U.S. military said it carried out “self-defense” strikes in southern Iran, including on missile launch sites and boats placing mines.
Alphabet led the way and rallied 10% after the owner of Google and YouTube reported profit for the latest quarter that almost doubled analysts’ expectations.
The U.S. stock market has jumped more than 12% since hitting a bottom in late March on hopes the United States and Iran can avoid a worst-case scenario for the global economy despite their war.
On Wall Street, strong profit reports from companies are helping to make up for worries about war.
Maryland-based Institutional Shareholder Services Inc. seeks to halt a new Indiana law that it alleges would violate the company’s right to free speech.
The next moves for oil prices will depend on how many oil tankers can start exiting the Strait of Hormuz and how easy their passage is.
President Trump swerved to deescalate the war less than two hours before the deadline he set for Tehran to capitulate to a deal or face attacks meant to destroy Iranian “civilization.”
Caution was prevalent throughout financial markets because of uncertainty about when the war with Iran could end.
Shares of the Facebook and Instagram parent are down 19% this month going into this week, putting them on pace for their worst performance since October 2022.
The S&P 500 slumped 1.7% for its worst day since January and is back on track for a fifth straight losing week.
A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.
Uncertainty about the war has sent prices in financial markets careening up and down hour by hour this week, with most taking their cues from what the price of oil is doing.
For millions of Americans, their 401(k) or IRA is their largest financial investment, and many of those accounts are tethered to S&P 500 index funds.
Peter Dunn and host Mason King explore the gap between positive economic news on the macro level and the pessimism many consumers are feeling about their personal finances.
U.S. companies are under pressure to deliver strong growth in profits to justify the runs to records their stock prices have made.
All of the major U.S. stock indexes posted double-digit gains in 2025, in a market driven by both optimism and uncertainty.
Materials stocks—a group of companies ranging from steelmaker Nucor Corp. and paint maker Sherwin-Williams Co. to packaging manufacturers including Smurfit WestRock Plc and Ball Corp.—are set to see earnings rise 20% in 2026.
