Wall Street Closes in Green as S&P 500 and Nasdaq Hit Record for Second Consecutive Day
Wall Street closed in the green this Thursday, with its main indicator, the Dow Jones Industrial Average, rising 0.24%, while the selective S&P 500 and the tech-focused Nasdaq hit historic records for the second consecutive day amid optimism over the end of the war in the Middle East. At the end of the session, the Dow Jones gained 115 points, reaching 48,578; the S&P rose 0.26% to 7,041 points; and the Nasdaq advanced 0.36% to 24,102 units.
TL;DR
- Dow Jones Industrial Average closed up 0.24% at 48,578 points.
- S&P 500 rose 0.26% to 7,041 points, hitting a record high.
- Nasdaq advanced 0.36% to 24,102 units, also hitting a record high.
- Optimism over the end of the Middle East war is driving market recovery.
- US President Donald Trump expressed possibility of a peace agreement with Iran soon.
- Trump announced Israel and Lebanon agreed to a 10-day ceasefire.
- West Texas Intermediate (WTI) oil prices increased by 3.72% to $94.69 per barrel.
- Gold prices decreased by 0.25% to $4,811 per ounce.
- Silver prices fell by 1.28% to $78.60 per ounce.