US Stocks Surge to Record Highs as Iran Ceasefire Extension and Inflation Data Drive Investor Sentiment
मुख्य बातें
- •US and Iran reportedly reach a draft agreement to extend their ceasefire by 60 days, boosting investor sentiment and sending major stock indices to record highs.
- •Inflation in the US rose at its fastest pace in three years in April, driven by higher energy prices amid regional conflicts, while first-quarter GDP growth was revised down to 1.6%.
- •The S&P 500 gained 0.58%, the Nasdaq Composite rose 0.91%, and the Dow Jones Industrial Average increased 0.04%, with healthcare and technology sectors leading gains.
- •Eli Lilly, Microsoft, Marvell Technology, and Snowflake were among top gainers, supported by corporate earnings updates, AI-related developments, and strategic partnerships.
US stock markets closed at record highs on Thursday, fueled by reports of a potential 60-day ceasefire extension between the United States and Iran, as well as the release of key inflation data. The S&P 500 and Nasdaq Composite both reached new closing peaks, reflecting cautious optimism among investors despite growing concerns over inflationary pressures.
The breakthrough came after Axios reported that the US and Iran had reached a draft agreement to extend their ceasefire for 60 days. While negotiations on Iran’s nuclear program are expected to take place during this period, final approval from President Donald Trump remains pending. The news provided a temporary boost to investor confidence, overshadowing other macroeconomic concerns.
