Nasdaq Hits New High as S&P 500 Rises 0.8% on Ceasefire News

AI Summary

On Wednesday, the Nasdaq Composite increased by 1.3%, reaching a new all-time intraday high, while the S&P 500 rose by 0.8% and the Dow Jones Industrial Average advanced by 320 points, or 0.7%. This market response follows President Trump's decision to extend a two-week ceasefire with Iran, citing Iran's unstable government. Earnings reports contributed positively, with Boeing shares up 5% and GE Vernova shares jumping 12% after both companies exceeded revenue expectations. Over 80% of S&P 500 companies reporting so far have surpassed estimates, reinforcing positive market sentiment.