Wall St hits new closing highs on tech strength, Iran deal hopes

STORY: Wall Street's main indexes hit more record closing highs on Friday, with the Dow gaining nearly three-quarters of a percent, and the S&P 500 and Nasdaq each ticking up about two-tenths of a percent.All three indexes posted both weekly and monthly gains, with the S&P 500 recording its ninth straight weekly gain, it's longest streak since December of 2023.Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, said that while there may be some bumps ahead, the market's upward momentum could continue through the end of the decade."You know, the old adage is, 'Sell in May and go away.' And well, although you may want to take some profits, maybe rebalance, because we may have some volatility as we approach the summer months. So what we're saying is, 'Sell in May, but you may want to come back.' [FLASH] Because we believe that the equity market remains in a secular bull market."Stocks on the move Friday included Dell, which surged nearly 33% after the company raised its full-year profit and revenue forecasts a day earlier. Peers Super Micro Computer and Hewlett Packard Enterprise rose more than 11% and 12%, respectively.On the flip side, consumer staples shares were weak, with heavyweight Costco dropping almost 4% and Walmart shedding roughly 2.5%And the S&P automaker index slipped after reports the Trump administration wants North American-built vehicles to have 82% regional content to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement.Shares of General Motors and U.S.-listed shares of Stellantis both ended lower.