FX.co ★ S&P 500, Nasdaq 100 Notch Record Highs

US equities closed at fresh record highs on Wednesday, supported by an extension of the ceasefire with Iran and robust corporate earnings. The S&P 500 advanced 1.1%, the Nasdaq 100 climbed 1.7% to a new all-time high, and the Dow Jones Industrial Average added 0.7%.

President Trump extended the ceasefire with Iran indefinitely, reversing earlier threats of imminent escalation that had raised concerns over a worsening global energy crunch. Markets largely shrugged off Iran’s strike and the seizure of commercial vessels, instead focusing on the improving risk backdrop.

Risk appetite favored growth and speculative sectors, particularly companies tied to artificial intelligence. Chipmakers rose for a 16th straight session, with Broadcom, AMD, and Micron rallying between 5% and 8%. Strength in datacenter demand also underpinned GE Vernova’s outlook, sending its shares up 13%.

In industrials, Boeing gained 5% after reporting a slower rate of cash burn and its highest level of first-quarter aircraft deliveries since 2019. Apple rose 2.3% as investors continued to assess the appointment of John Ternus as the company’s incoming CEO. Tesla edged higher ahead of its earnings release after the closing bell.