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S&P 500, Nasdaq Close at Records on Tech Lift, Iran Peace Talk Hopes
Intel’s upbeat revenue forecast helped push semiconductor shares higher as investors also bet on possible U.S.-Iran talks.
- The S&P 500 and Nasdaq Composite closed at record highs on Friday, driven by a 23.65% surge in Intel shares and optimism surrounding potential U.S.-Iran peace negotiations.
- Markets rallied recently on hopes for an Iran war resolution, though gains were tempered this week as optimism dimmed and the Strait of Hormuz remained shuttered.
- The Philadelphia Semiconductor Index extended its record winning streak to 18 consecutive sessions with a 4.32% gain, while Megacap Nvidia neared the $5 trillion market valuation again.
- White House Press Secretary Karoline Leavitt announced that President Donald Trump's special envoy Steve Witkoff and Jared Kushner will travel to Islamabad on Saturday for talks with Iran mediated by Pakistan.
- The Justice Department closed its investigation into Fed Chair Jerome Powell, removing a hurdle for nominee Kevin Warsh's confirmation, as attention shifts to next week's Federal Reserve meeting.
14 Articles
14 Articles
Stock Market Today, April 24: S&P 500 and Nasdaq Set New Highs on Tech Surge
The S&P 500 (SNPINDEX:^GSPC) rose 0.80% to 7,165.08, and the Nasdaq Composite (NASDAQINDEX:^IXIC) jumped 1.63% to 24,836.60 on powerful chip and AI strength. Both indexes closed at record highs today. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.16% to 49,230.71 amid pressure on cyclicals.Market moversChip bellwether Intel soared 23% after a standout earnings report shattered its dot‑com‑era ceiling, boosting semiconductor stocks.…
The S&P 500 and the Nasdaq Composite closed at record levels this Friday and spun their fourth consecutive week of profits, after receiving a hopeful signal that the peace talks between the United States and Iran would soon be held in Pakistan. The overall stock market index rose by 0.8% to 7,000 165.08 points, while the Nasdaq totaled 1.63% and reached 24,836.60. Both indices also reached new historical peaks within the day. However, the Dow Jo…
S&P 500, Nasdaq close at record highs on Iran peace talk hopes | Honolulu Star-Advertiser
NEW YORK >> The S&P 500 and Nasdaq closed at record highs today, bolstered by optimism for possible negotiations between the U.S. and Iran to end their war and a surge in Intel shares that extended the rally in semiconductor stocks.
Investors are betting on the US-Iran dialogue and strong corporate results - Strong buying interest in the technology sector, led by Intel - Satisfaction with the closure of the investigation against Jerome Powell
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