Wall Street Records New Highs Amid Middle East Tensions and Fed Comments

Major Wall Street indices saw significant gains during today’s session as investors remain optimistic about the fragile ceasefire between Israel and Iran. Additionally, remarks from Federal Reserve Chairman Jerome Powell were interpreted as neutral to mildly dovish regarding potential interest rate cuts. The Nasdaq 100 recorded a new historic high, closing at 22,190.52 points, up by 1.53%. The broader Nasdaq followed with a rise of 1.43%, closing at 19,912.53 points. The industrial Dow Jones closed higher by 507.24 points or 1.19%, at 43,089.02 points, while the S&P 500 increased by 1.11%, finishing the session at 6,092.18 points—just 0.9% away from its 52-week high.