Nvidia market cap makes new all-time high of $5.26 trillion as S&P 500 hits 7,173 for the first t...

Nvidia hit a new record after rising 4% to $216.61, lifting its market cap to an all-time high of $5.26 trillion.

The S&P 500 closed at a record 7,173.91, while the Nasdaq also hit a new closing high at 24,887.10.

Nvidia is still trailing chip peers this year, with the stock up 15% versus a roughly 46% gain for the Philadelphia Semiconductor index.

Oil prices jumped as U.S.-Iran talks stalled, with WTI at $96.37 and Brent at $108.23.

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