S&P 500 Edges Higher, Benchmark Closes In on Record High
The S&P 500 rose on Wednesday, moving closer to a fresh all-time intraday high as investors remained hopeful the Iran war could be nearing an end. The broad index gained 0.4%. The Nasdaq Composite advanced 1.1%, while the Dow Jones Industrial Average fell 182 points, or 0.4%.
Broadcom was among the session’s key winners, climbing 3% after Meta Platforms extended its partnership with the chipmaker to deploy custom chips using Broadcom’s technology. The move helped keep leadership concentrated in large-cap technology, in line with the Nasdaq’s outperformance.
The advance followed sizable gains in the prior session, leaving the S&P 500 just 0.1% below its record high of 7,002.28 set on Jan. 28. Tuesday marked the index’s ninth positive session in 10, while the tech-heavy Nasdaq posted its 10th straight gain.
The rally has also effectively unwound the drawdown tied to the Iran conflict. Monday’s move in the S&P 500 was cited as erasing losses that dated back to the start of the conflict in late February, reinforcing the market’s shift back toward a risk-on posture.
Optimism has been supported by signs that a U.S.–Iran agreement could be in play. President Donald Trump said on Monday that “we’ve been called by the other side,” adding that they “would like to make a deal very badly.” On Tuesday, a White House official told CNBC a second round of talks between Washington and Tehran is under discussion, though nothing has been officially scheduled.
For markets, the key transmission channel remains the geopolitics-to-risk-premium link—particularly through expectations for energy-price stability and broader risk appetite. Investors will likely watch for concrete progress on the negotiating track and whether the index’s momentum broadens beyond mega-cap technology leadership.
Source : Newsmaker.id
