S&P 500, Nasdaq close at record highs led by Tech shares despite Iran war fears
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The S&P 500 and Nasdaq reached record highs on April 15, driven by tech shares, despite concerns over the US-Iran conflict. Investors focused on corporate earnings and the AI trade, with Morgan Stanley and Bank of America reporting record trading revenue.
The S&P 500 and Nasdaq closed at record highs on April 15, driven by tech shares. The S&P 500 reached 7,027, its 10th gain in the last 11 sessions, while the Nasdaq surged to 24,026 for the 11th consecutive day. The Dow Jones underperformed, ending just below flat. Hopes of a US-Iran ceasefire and positive corporate earnings drove the market. Morgan Stanley and Bank of America reported record trading revenue, with their shares rising 5% and 2%, respectively. Oil prices remained elevated, with Brent at $95 a barrel and WTI at $90 a barrel. The US Dollar index slipped towards 98, and gold prices stayed around $4,800 an ounce. Several major companies, including Netflix and PepsiCo, are set to report earnings in the next session.
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