THE Nasdaq climbed 2 per cent while the S&P 500 finished up 1 per cent and near its record closing high on increasing optimism about the prospects for a Middle East resolution while investors also assessed the latest batch of bank earnings and US inflation readings.

Talks to end the Iran war could resume in Pakistan over the next two days, US President Donald Trump told the New York Post on Tuesday, after the collapse of weekend negotiations prompted Washington to impose a blockade on Iranian ports.

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