The S&P 500 pulled back from record highs on Thursday as investors weighed renewed tensions between the U.S. and Iran, though Polymarket traders continued to bet on another positive start for equities heading into Friday’s session.
The benchmark index closed down 0.38% at 7,337.11, after touching a fresh intraday high earlier in the day. Despite the decline, the May 8 Polymarket contract showed an 87% probability of the S&P 500 opening higher on Friday.
Iran Tensions Return To Focus
Oil prices rose after the U.S. and Iran exchanged fire in the waterway, with both sides accusing the other of initiating the attack. U.S. Central Command said American forces intercepted “unprovoked Iranian attacks” while escorting Navy destroyers through the strait.
President …
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