S&P 500 hits a record high as Iran ceasefire hopes fuel stock rally
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The S&P 500 index reached a new record high driven by gains in finance and technology sectors, fueled by hopes of a ceasefire between the US and Iran. The rally marks a significant turnaround for the stock market, which had previously experienced a selloff.
The S&P 500 climbed 0.5% to hit a new intraday high, surpassing its previous peak of 7,002.28 points in late January. Finance and technology sectors led the advance on April 15, 2026. The rally is driven by optimism surrounding a potential US-Iran ceasefire. The Nasdaq 100 rose 0.9%, with the chip index also reaching a record high. This marks a significant recovery for the S&P 500, which had fallen over 9% below its peak last month. The market has responded positively to the developing situation.
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