THE benchmark S&P 500 and tech-heavy Nasdaq Composite rallied to record closing highs on Wednesday as investors were encouraged by corporate earnings and hopeful of progress in US-Iran negotiations.

The Nasdaq notched a record finish for the first time since Oct 29 and briefly touched an intraday record high with boosts from software stocks and the broader technology sector, just 13 trading days after confirming that it was in a correction due to worries about the Middle East war.

https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-sp-500-nasdaq-push-closing-records-optimism-around-middle-east-talks-earnings