S&P 500 hits record high as concerns fade over U.S.-Iran escalation and the potential of an all-out conflict in the Middle East Follow ReutersBiz for more breaking business news
NEW YORK - U.S. stocks climbed on Wednesday, with the S&P 500 and the Nasdaq hitting record highs, after President Donald Trump’s comments eased fears of an all-out conflict in the Middle East.
Trump’s comments at a White House briefing followed Iran’s missile strikes overnight on military bases housing U.S. troops in Iraq. Comments earlier from Iran’s foreign minister that the country did not seek an escalation and a tweet from Trump that “All is well!” also helped to calm investor jitters.
“His tone was very conciliatory, so I think everyone views this as a de-escalation, and the S&P pushed to new all-time highs.”
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