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Stocks Hold at Record Highs on US-Iran Deal Optimism | Bloomberg Brief 5/29/2026
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Stocks Hold at Record Highs on US-Iran Deal Optimism | Bloomberg Brief 5/29/2026
Stocks hold steady at all-time highs as traders wait to see whether the US and Iran can finalize a peace deal. SpaceX is said to cut its IPO valuation to at least $1.8 trillion while Anthropic's newest funding round puts its valuation at $965 billion eclipsing rival OpenAI. Cole Smead of Smead Capital Management discusses the 'mania' in tech stocks. (Source: Bloomberg)
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