US stocks rise toward more records while Brent oil tops $100 on uncertainty about the Iran war

Key Points:

• The U.S. stock market is advancing toward record highs, with the S&P 500 up 0.8% and the Dow Jones Industrial Average rising 312 points, driven by stronger-than-expected quarterly profits from companies like GE Vernova and Boston Scientific.
• GE Vernova's shares surged 12.2% after reporting robust first-quarter profits, boosted by increased equipment orders for data centers linked to AI technology, and the company raised its full-year revenue forecasts.
• Rising oil prices, fueled by ongoing conflict and uncertainty in the Persian Gulf due to the war with Iran and disruptions in the Strait of Hormuz, have tempered investor enthusiasm despite positive earnings reports.
• The war has led to attacks on ships and a U.S. blockade of Iranian ports, raising concerns about long-term oil supply disruptions and contributing to Brent crude oil prices climbing above $100 per barrel.
• Best Buy shares fell 4.6% following the announcement of CEO Corie Barry's departure, while international markets showed mixed results with declines in Europe and Hong Kong and a modest rise in Japan.