CoinEx News: The S&P 500 and Nasdaq closed at record highs on May 11, with the S&P 500 rising 0.19% to 7,412.84 and the Nasdaq gaining 0.10% to 26,274.13. The Dow added 95.31 points to 49,704.47, while only 37.8% of U.S. stocks advanced, leaving the rally concentrated in technology and energy.

Oil strength came from renewed Middle East tensions after Trump rejected Iran’s latest peace proposal, prompting markets to reprice Strait of Hormuz and supply-disruption risk. Energy stocks benefit from the geopolitical premium in the short term, while higher oil prices continue to pressure cost-sensitive sectors such as consumer, airlines, and manufacturing.