US Edition
US stocks hit an all-time high and roar back from losses caused by the Iran war as the S&P 500 continues 2-week rally
Better-than-expected earnings and hopes for U.S.-Iran progress pushed investors back into risk assets as oil prices stayed elevated.
- On Wednesday, the S&P 500 index rose 0.8%, adding 55.57 points to close at a record high of 7,022.95, extending a two-week rally that began in late March.
- Optimism over an 'in principle agreement' to extend a ceasefire between the U.S. and Iran helped drive the rally, alongside a softer-than-expected wholesale inflation report that eased oil-price concerns.
- Technology stocks led gains, while Snap Inc. announced a 16% workforce reduction to pursue profitability and Allbirds shares surged 582% following a rebranding to NewBird AI.
- The record close boosts the value of S&P 500-linked holdings like 401s and ETFs, reducing the oil-driven risk premium that had weighed on equities and improving near-term portfolio outlooks.
- Market strategists suggest risks are declining despite ongoing energy uncertainty, with analysts believing corporate earnings trends and AI-driven efficiency could sustain large-cap technology gains.
37 Articles
37 Articles
The Toronto Star
Rocky Mountain OutlookS&P/TSX composite rises while U.S. markets post new highs amid hopes for Iran war
TORONTO - Canada's main stock index finished in positive territory while the S&P 500 and Nasdaq reached new highs south of the border as hopes built that the global economy
Nasdaq Sets Record Highs as Investors Return to Tech Stocks
The Nasdaq hit an intraday all-time high and closing record on Wednesday, its first since October, as investors returned to technology stocks, signaling a rebound in risk appetite after weeks of concerns over war-related economic disruption and fears about the labor-force impact of AI. The Nasdaq Composite rose 1.6% to hit a fresh intraday high above 24,020 points, eclipsing its previous peak of 24,019.99 set on October 29, when AI bellwether Nv…
Stock Market Today, April 15: S&P 500 and Nasdaq Reach New Highs
The S&P 500 (SNPINDEX:^GSPC) rose 0.80% to 7,022.95, and the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.59% to 24,016.02 as both set new all-time highs. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.15% to 48,463.72.Market moversBank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) both gained following strong quarterly earnings today. Shares in popular low-cost broker, Robinhood Markets (NASDAQ:HOOD) increased by more than 1…
Watauga Democrat
Mountain DemocratS&P 500, Nasdaq end at records as markets bet on US-Iran accord
Major Wall Street stock indices finished at records Wednesday, extending an upward climb on optimism about an accord in the US-Iran conflict as the White House signaled plans for more talks.
S&P 500 reaches new all-time high on easing Iran tensions and oil supply optimism
NEW YORK (AP) — The U.S. stock market hit a record Wednesday after adding to its two-week rally built on hopes the war with Iran won’t create a worst-case scenario for the global economy. Whether Wall Street is correct to have so much hope for peace and whether stocks should be the highest they’ve ever been remains to be seen. The S&P 500 rose 0.8% and eclipsed its prior all-time high set in January. After falling nearly 10% below its record in …
The S&P 500 and the Nasdaq Composite reached new historic peaks this Wednesday, consolidating the strong profits of the week, while investors held the hope that the war with Iran could end soon, said CNBC. The general stock market index rose by 0.80%, closing at 7,000 022.95. The Nasdaq Composite advanced 1.59% to 24 thousand 016.02, while the Dow Jones Industrial Average lost 72.27 points, or 0.15%, to close at 48 thousand 463.72 integers. Both…
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