He benchmark index S&P 500 and the Nasdaq, with great technological weight, closed at record highs on Wednesday, boosted by corporate results and hopes for progress in negotiations between the United States and Iran.
Stocks have found support this week in the investors’ hopes that Washington and Tehran can return to the negotiating table with a view to ending the war, which has caused widespread disruption in global oil markets, revived concerns about inflation and clouded the outlook for interest rates.
White House Press Secretary Karoline Leavitt told reporters that talks on a second round of negotiations with Iran were ongoing and productive. but he pointed out that the information according to which Washington.
He US Treasury Department said it was targeting Iran’s oil transportation infrastructure with sanctions against more than two dozen people, companies and ships.
The benchmark S&P500 index hit its first intraday record since the conflict broke out and closed at an all-time high, after ending Tuesday’s session at just under the record of 6,978.60 from January 27.
The earnings suggest that investors, tired of war, They are willing to rotate towards risk assets at the slightest sign of a de-escalation of the conflict.
Bank of America shares rose after the second-largest U.S. lender reported growth in its first-quarter profit. Wall Street Heavyweight Stocks Morgan Stanleysoared after announcing an increase in their quarterly profits.
According to preliminary data, the S&P 500 rose 54.83 points, or 0.79%, to 7,022.21 units, while the Nasdaq Composite gained 375.34 points, or 1.59%to 24,014.43. He Dow Jones Industrial Average fell 75.44 points, or 0.16%, to 48,460.55 units.
The Wall Street Fear Indicator The Cboe volatility index reached its lowest level since February 26 this Wednesday.
Oil prices rose very slightly on Wednesday, but they were still well above pre-war levels.
