The S&P 500 index climbed to another record high on Tuesday, rising 0.81% to close at 7,259.22, as easing oil prices and upbeat earnings continued to fuel the market rally.
The Polygon-based (CRYPTO: POL) Polymarket crowd is overwhelmingly bullish heading into Wednesday. The May 6 market shows about 88% odds of an “Up” open for the benchmark index.
Why That Number Matters
Markets continue to respond positively to signs of de-escalation in the Middle East, alongside strong corporate earnings.
Investor sentiment improved further after President Donald Trump said “Great Progress” had been made toward reaching an agreement with Iran, adding that the U.S. would pause “Project Freedom,” the initiative aimed at escorting stranded ships through the Strait of Hormuz.
Oil prices fell for a second straight session following the comments, helping to support risk appetite and easing concerns about energy-driven inflationary pressures.
The …
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