Nasdaq reaches new peak amid tech gains

The Nasdaq index rose to a new record high, supported by gains in technology stocks, especially SanDisk, which surged 7% following a positive recommendation. Meanwhile, oil prices declined by 1% after reports of proposals to reopen the Strait of Hormuz and Saudi moves to operate a pipeline. This comes amid expectations of talks between Trump and his Chinese counterpart on important issues, market interest in developments between the United States and Iran, and uncertainty surrounding the potential increase in U.S. interest rates, which could reach 5% or higher by 2027.

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