Record U.S. stocks and Iran's response to U.S. peace proposal trigger oil price decline
On May 1st, the three major U.S. stock indexes rose together, with the Nasdaq and S&P 500 hitting record highs. Iran's latest peace proposal sent to the United States through a Pakistani mediator pushed oil prices down sharply, with WTI crude futures extending their losses to 4%. The yield of Treasury Bond in the United States fell slightly, and the market kept paying attention to the situation in the Middle East and the performance of US stocks' earnings reports.