U.S. Stocks Hit New Record High Amid Iran War Ceasefire Hopes
Mumbai, April 20 -- The U.S. stock market ticked to another record high Thursday as Wall Street waits for more clues about what will happen in the Iran war before making its next big move. The S&P 500 rose 0.3%, a day after topping its prior all-time high set in January, for its 11th gain in 12 days. The Dow Jones Industrial Average added 115 points (0.2%) and the Nasdaq composite rose 0.4%.
U.S. stocks have surged over 10% since late March lows, fueled by optimism for an end to the war or measures to avoid a global economic meltdown. Markets now await confirmation if these hopes prove prescient or mere wishful thinking.
Pakistan's army chief met Iran's parliament speaker to push for extending the ceasefire halting nearly seven weeks of...
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