The S&P breached 7,000 points for the first time in history, in a rally that erased stark losses incurred at start of war
Wall Street scaled a fresh all-time high on Wednesday amid growing optimism among investors that the US-Israel war on Iran will soon be over.
The benchmark S&P 500 breached 7,000 points for the first time in history, after climbing 0.8% over the course of the day, finishing at 7,022.95. The tech-heavy Nasdaq also rose 1.6% to 24,016.02, its own record high, while the Dow Jones industrial average remained broadly flat.
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This article was originally published by The Guardian and written by Lauren Aratani.
Read original article on The Guardian