US stock indexes hit record highs as war fears subside
The S&P 500 and Nasdaq reached record highs on Wednesday as strong earnings and optimism over Middle East tensions drove a recovery in the technology sector.
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Equity markets in the United States surged to record-breaking heights on Wednesday, as investors moved past previous anxieties regarding a potential conflict with Iran. The S&P 500 index climbed 0.8% to reach a new closing peak of 7,022.95, effectively erasing losses from a recent pullback that had threatened to push the market into correction territory. Simultaneously, the Nasdaq Composite, an index managed by NASDAQ INC, rallied 1.6% to finish at 24,016.02, marking its first record close since late October.
