The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising to a three-year high and weaker GDP revision. AI and tech stocks led gains, with Microsoft, Snowflake, Eli Lilly and Marvell among top movers today.

“The main driver of the mood music is the story in Iran. Both sides are closer than they have been to date to getting something over the line. The US has made it clear it does not…

U.S. stocks rose Tuesday, catching up after a holiday, as optimism over U.S.-Iran talks lifted sentiment. The S&P 500, Nasdaq and Dow hovered near record highs, while oil prices…

Data showed US consumer confidence edged down in May as views of current economic conditions settled back amid rising prices due to the war

Tech Rally Leads S&P 500, Nasdaq Higher