US Stock Market Hits New High Amid Iran Talks

0:00The U.S. stock market just smashed a new record high on Wednesday, writing a two-week rally fueled by hopes that the war with Iran won't tank the global. Economy The S&P 500 Climb 0.8%, topping its January peak after bouncing back over 10% from a late March correction that, hit folks 401K accounts hard. Earlier this week, regional officials shared news of a key agreement in principle between the U.S. and Iran to extend the ceasefire, paving the way for. More talks in smoother oil flow from the Persian Gulf that eased fears of skyrocketing energy costs. The oil prices bobbed around, keeping traders on edge. Investors are buzzing about resilient corporate profits cutting through the war noise, with Bank of America of 1.8% on 8. $6 billion in first quarter gains and solid consumer spending. Morgan Stanley jumped 4.5% on strong results, too, while tech names like ServiceNow sort 7.3% amid AI worries, fading.

1:02Big Swings hit some stocks hard. All birds exploded, $582% to nearly $17 after pivoting to AI compute. Infrastructure and rebranding to new bird AI, but Livnation dropped 6.3% on a monopoly verdict against Tick-A-Master. The Dow slip point 1%, NASDAQ gained 1.6% and global markets stayed mixed. If these U.S. Iran talks pan out, the war could fade into a blip, letting stocks refocus on profits and growth trends that were already strong. Pre-conflict setting up potential buys and tech and beyond for sharp eyed investors. I'm Corey with the story. That's your Anchorage News today update, AI powered and always on.