Dow hits record high on peace hopes
Wall Street experienced mixed performance, with the S&P 500 closing slightly higher and reaching a new record level. Meanwhile, the Nasdaq Composite declined, and the overall market index fell by 0.2%. Strong profits and shares of major technology companies supported the market, such as Nvidia, which rose by 4%. On the other hand, stocks like Advanced Micro Devices and Alphabet declined due to disappointing earnings reports and corporate structural adjustments. The U.S. stock market also showed optimism regarding the potential agreement to reopen the Strait of Hormuz between the United States and Iran, which helped stabilize oil prices and bring them back near previous levels. WTI crude fell by 0.73%, and Brent crude decreased by 0.11%. Overall, the U.S. markets demonstrated a positive performance driven by increasing economic activity, with expectations that geopolitical breakthroughs could contribute to market stability.
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