S&P 500 Notches New Record Close, Nasdaq Logs Longest Winning Streak Since 2009
The S&P 500 and the Nasdaq Composite climbed to fresh all-time intraday highs on Thursday, extending a strong weekly rally as investors stayed optimistic about a potential path toward resolving the Iran war.
The S&P 500 added 0.26% to close at 7,041.28, while the tech-heavy Nasdaq rose 0.36% to 24,102.70. The Dow Jones Industrial Average gained 115 points, or 0.24%, to end at 48,578.72. For the week so far, the S&P 500 and Nasdaq are up more than 3% and more than 5%, respectively, while the Dow has advanced 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, adding that Israel and Lebanon agreed to a 10-day ceasefire set to begin at 5 p.m. ET.
Halting Israeli attacks on Lebanon has been cited by Iran’s parliament speaker as a key condition for U.S.–Iran negotiations to begin, according to the source narrative, reinforcing expectations of a broader diplomatic off-ramp.
Trump also said the next round of in-person talks between Washington and Tehran could take place “probably, maybe, next weekend.” He has repeatedly said this week the Iran war is “very close to over,” claiming Tehran wants to “make a deal very badly.”
Source : Newsmaker.id
