Markets Score 35 Bullish

S&P 500 and Nasdaq Hit Record Highs Amid Middle East Truce Extension

Apr 24, 2026 20:47 UTC

SPX, IXIC, LEE, WABC, MCBS

Short term

Major U.S. indices reached new peaks on Friday as investors reacted positively to geopolitical developments. A three-week extension of the truce in the Middle East provided a stabilizing backdrop for equity markets.

S&P 500 and Nasdaq Composite achieved record closes
Middle East truce extended for three weeks
Mixed finish for major averages overall
Investor focus shifting to after-hours movers

The S&P 500 and Nasdaq Composite closed at record levels on Friday, capping the trading week with a positive trend. While the broader major averages ended the session mixed, the tech-heavy indices managed to push through resistance to set new all-time highs. Market participants spent the session weighing macroeconomic data against geopolitical risks. The primary driver for the late-week optimism appears to be the diplomatic progress in the Middle East, specifically the agreement to extend the existing truce by an additional three weeks. This extension has reduced immediate fears of a wider regional escalation, allowing investors to shift focus back to corporate fundamentals and growth prospects. The record closes suggest a prevailing bullish sentiment despite ongoing global uncertainties. Traders are now monitoring after-hours activity for specific equities, including LEE, WABC, and MCBS, as the market prepares for the next trading session.