S&P 500 and Nasdaq Hit Fresh Record Highs on Hopes of Iran War Resolution
The S&P 500 and the Nasdaq Composite rose to new record highs on Thursday, extending strong gains this week as investors grew more optimistic about a potential path toward resolving the Iran war.
The broad S&P 500 was up 0.4%, while the tech-heavy Nasdaq gained 0.5%. The Dow Jones Industrial Average added 100 points, or 0.2%. For the week so far, the S&P 500 and Nasdaq have advanced more than 3% and more than 5%, respectively, while the Dow is up more than 1%.
Stocks got an additional lift after U.S. President Donald Trump confirmed he spoke with Lebanese President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu, and said Israel and Lebanon had agreed to a 10-day ceasefire set to begin at 5 p.m. ET.
The halt in Israeli attacks on Lebanon has been cited by Iran’s parliament speaker as a key condition for negotiations tied to the Iran war to begin, according to the source narrative.
Trump also said in a pre-recorded Fox Business interview aired on Wednesday that the Iran war is “very close to over,” claiming Tehran wants to “make a deal very badly.” A second round of U.S.–Iran negotiations is under discussion, though nothing has been officially scheduled yet, a White House official told reporters, speaking on condition of anonymity to discuss internal planning.
Source : Newsmaker.id
