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S&P 500 resets record high on US-Iran peace talk hopes
US equities surged higher in their final session of the week, bolstered by hopes of peace talks between the United States and Iran, and on a surge in the shares of Intel, which has renewed optimism in the AI trade.
Both the US and Iran are sending envoys to Pakistan after negotiations reached an impasse a week ago. While it’s unclear if there will be direct talks, the two adversaries are expected to each meet with Pakistani officials who are seeking to mediate a resolution of the war.
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S&P 500, Nasdaq close at records, boosted by Intel, as investors hope for a restart to U.S.-Iran talks
The S&P 500 and Nasdaq Composite closed at record levels on Friday after investors were given a hopeful sign that peace talks between the U.S. and Iran would soon take place in Pakistan.
The broad market index finished up 0.8% at 7,165.08, while the tech-heavy Nasdaq added 1.63% to settle at 24,836.60. Both indexes also scored fresh all-time intraday highs. However, the Dow Jones Industrial Average fell 79.61 points, or 0.16%, to end the at 49,230.71.
MS NOW reported, citing a Pakistani official, that Iranian Foreign Minister Abbas Araghchi is expected to arrive in Islamabad on Friday evening to have a discussion with Pakistani mediators about a possible second round of negotiations with the U.S.
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