S&P 500 and Nasdaq Hit Records on AMD and Peace Hopes
The S&P 500 and Nasdaq Composite reached all-time highs on Wednesday as strong earnings from Advanced Micro Devices and other AI-related firms boosted investor sentiment. Markets also responded positively to signs of a potential resolution in the Middle East conflict, which led to a significant drop in oil prices.
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The S&P 500 and Nasdaq surged to record highs midday as Advanced Micro Devices led a broad rally in semiconductor and AI-linked stocks. The S&P 500 gained 1.45% to 7,364.72, while the Nasdaq rose 2.01% to 25,834.88 following signs of easing geopolitical tensions. Investors are shifting focus from Middle East conflict to a robust earnings season where 80% of firms beat profit estimates.
