S&P 500 hits record highs as investors shift focus from Iran War to earnings and Fed policy.

The S&P 500 reached new record highs by the week ending May 1, 2026, closing at 7,230.12. Investors are increasingly viewing the Iran War as a past event, shifting their attention to corporate earnings and Federal Reserve interest rate decisions for the remainder of 2026. This shift in focus is driving market movements and shaping investor expectations going forward.