Amazon Nears $3 Trillion Cap as Indexes Hit Record Highs on Iran Deal Hopes

U.S. stock indexes reached fresh highs on May 30 as hopes for a U.S.-Iran deal boosted risk appetite. Amazon leads the watchlist, approaching a $3 trillion market cap after Truist lifted its price target to $320 on stronger AWS 2027 revenue assumptions and major AI partnerships. AMZN has climbed ~17% YTD to $270.64 while Caterpillar, Alcoa, Marriott and Monster Beverage also sit near technical buy points amid a broadly bullish IBD stance recommending 80-100% equity exposure.