Dow Hits Record High as Middle East Peace Hopes Lift Stocks
Wall Street rose Friday as the Dow hit a record high on Middle East peace hopes. Strong earnings and lower yields drove the S&P 500 to its eighth weekly gain.
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The Dow Jones Industrial Average rose 0.58% to a record 50,579.70 in the afternoon the following day as Middle East peace hopes lifted the United States equity markets. The S&P 500 notched its eighth consecutive weekly gain, the longest winning streak for the index since late 2023. Progress toward an Iran deal and robust corporate earnings are currently offsetting inflation concerns tied to energy costs.
