The S&P 500 and Nasdaq reached new record closes on Wednesday, driven by hopes for a diplomatic resolution between Washington and Tehran. Strong banking earnings and AI-related pivots further bolstered market sentiment.
- S&P 500 and Nasdaq both closed at record highs
- Nasdaq recovered from a correction within 13 days
- US-Iran diplomatic hopes are easing oil and inflation fears
- Morgan Stanley and Bank of America reported profit growth
- Broadcom gained on Meta chip deal
- Allbirds shares spiked 582% following an AI infrastructure pivot
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