Wall Street Rallies for Sixth Consecutive Week, Markets Ignore Middle East Tensions

KOMPAS.com - The United States stock market once again set a record during trading on Friday (9/5/2026) local time. The gains were propelled by employment data that exceeded expectations, even as the Iran conflict continues to fuel global uncertainty. The S&P 500 index climbed 0.8% to an all-time high. The Dow Jones Industrial Average added 12 points, or less than 0.1%. Meanwhile, the Nasdaq Composite jumped 1.7% and notched a new record. These figures were well above economists’ forecasts. The results were lower than in March. However, the market views the numbers as still strong enough to ease concerns about an economic slowdown due to the war in the Middle East. This uptick has led the S&P 500 to record a six-week winning streak in a row. That marks the longest such run since 2024. Investors are still hoping the Iran conflict does not evolve into a larger global economic crisis. The market is also pinning hopes on the Strait of Hormuz reopening fully, allowing oil distribution from the Persian Gulf to return to normal. However, the geopolitical situation remains fragile. The incident has reignited concerns about the sustainability of the ceasefire that has been in place for about a month.