S&P 500 and Nasdaq hit record highs on tech and Iran news

The S&P 500 and Nasdaq reached record levels today as Intel shares surged and diplomatic efforts to end the Iran war resumed. Markets also eye the Federal Reserve.

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The S&P 500 and Nasdaq Composite reached new intraday peaks on Friday, driven by a combination of diplomatic breakthroughs and a massive rally in the semiconductor sector. Investors reacted positively to reports that the United States and Iran are moving closer to negotiations aimed at ending their ongoing conflict.

A professional monitors market activity on the floor of the New York Stock Exchange during a session in late April.
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