The S&P 500 has hit a record high, as strong corporate earnings and investor optimism over a US-Iran peace deal drive a sharp rebound from losses suffered in the early weeks of the war.
The blue-chip index rose 0.8 per cent on Wednesday, closing above 7,000 for the first time.
The fresh high — which came after President Donald Trump said the war could end “almost immediately” — caps the biggest 10-day gain for the S&P 500 since the rebound from the Covid-19 pandemic sell-off in 2020, as investors turn their attention from the Middle East energy shock to bullish forecasts for earnings growth in corporate America.
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