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S&P 500 hits first intraday record high since US-Iran war
The benchmark rose 9.8% in 10 trading sessions as investors bet on a possible U.S.-Iran deal and awaited major earnings reports.
- On Wednesday, the S&P 500 reached a new all-time high of 7,002.28, marking a remarkable turnaround as the benchmark erased losses dating to the Iran conflict that began in late February.
- Markets had plunged 9.8% to a low of 6,316.91 on March 30, driven by the U.S.-Israel war on Iran and soaring oil prices before reversing course over the following two weeks.
- A fund tracking the Magnificent 7 mega-cap technology stocks surged 14.8% since the March 30 low, while nationwide gasoline averaged $4.10 per gallon, up more than 37% since the war began.
- President Donald Trump said on Tuesday, "I think it's close to over," regarding the conflict, though he cautioned "we're not finished" with the war in the same Fox Business Network interview.
- Analysts at ING stated "caution is warranted" as the International Monetary Fund raised its 2026 inflation forecast to 4.4% from 4.1%, tempering enthusiasm about the economic outlook.
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10 Articles
10 Articles
S&P 500 hits first intraday record high since US-Iran war
The S&P 500 touched an intraday record high on Wednesday, its first since the U.S.-Iran conflict began, as hopes of a de-escalation in the war and robust earnings expectations drew investors back into risk assets.
·United Kingdom
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The S&P 500 slimbed 0.5% to hit a new intraday high, driving it above the previous intraday peak of 7,002.28 points in late January, with the finance and technology sectors leading the advance
·India
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Total News Sources10
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
13%
C 62%
R 25%
Factuality
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