US EditionS&P 500 hits first intraday record high since US-Iran war
The index’s rebound was led by megacap technology shares as traders priced in a possible diplomatic deal and easing oil-supply risks.
- 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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Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for an end to the Iran war - Boston News, Weather, Sports
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 Toronto Star
Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for an end to the Iran war
After falling nearly 10% below its record in late March, a drop steep enough that Wall Street calls it a “correction,” the index at the heart of many 401(k) accounts
S&P 500 Hits a Fresh All-Time High
Wall Street's 2026 rollercoaster just hit a peak: The S&P 500 climbed 0.5% on Wednesday to a fresh record, eclipsing the previous high of 7,002.28 that it hit on Jan. 28. It's at 7,006 as of this writing. After falling 9.8% below that record in...
Cherokee Tribune Ledger News
sfntoday.comWall Street hits a record as S&P 500 continues its 2-week rally on hopes for the Iran war
U.S. stocks have hit a record following their big rally over the last two weeks. The S&P 500 rose 0.8% Wednesday and eclipsed its prior all-time high set in January. After falling nearly 10% below its record in late March,…
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