Imani Moise

and Iran continued.

The rally suggests investors were more focused on what the conflict didn't do, which is derail the global economy.

tech stocks helped drive the broader market higher.

Taiwan's semiconductor manufacturing company raised its revenue outlook and said it would ramp up investment to meet still-surging demand for artificial intelligence chips.

This week, the nation's biggest banks painted a reassuring picture of the U.S.

economy, saying consumers are still spending despite surging gas prices since the Iran War began.

JPMorgan Chase and Bank of America both reported stronger profits.

The Nasdaq logged its longest winning streak in three decades, rising 13 days straight to end the week 6.8% higher.

The S&P 500 increased 4.5% to cross 7,100 for the first time.

And the Dow Jones Industrial Average gained 3.2%.

Oil markets were a different story.

Crude prices swung sharply with each headline before plunging late in the week as ceasefire hopes took hold.

Brent crude tumbled 5% over the week to $90.38 a barrel.

And energy was the worst performing sector in the S&P 500, falling 3.5%.

Shares in digital brokerages were among the biggest gainers of the week after the SEC approved a proposal to end the pattern day trading rule.

The rule was designed to tamp down risky bets after individual investors got burned in the dot-com bubble of the early 2000s.

It requires investors who had a pattern of buying and selling a stock on the same day to keep a cash buffer of at least $25,000 in their margin accounts.

Analysts expect the change to encourage small investors to get even more active in the U.S.

stock market.

The revised rule still needs to be published in the Federal Register to officially take effect.