Stock Markets Hit Record Highs on Iran Ceasefire Extension and Earnings Optimism
The S&P 500 and Nasdaq reached record levels after Trump extended the Iran ceasefire and companies reported strong earnings. Boeing and GE Vernova led gains as investors gained confidence in economic growth.
Market Rally Driven by Peace Hopes and Earnings
Record Closes: The S&P 500 finished at record 7,137.90 (up 1.05%), while the Nasdaq reached 24,657.57 (up 1.64%), hitting new all-time intraday highs.
Iran Ceasefire Boost: Gains accelerated after President Trump announced the ceasefire extension Tuesday, reducing geopolitical risk and easing concerns about energy price shocks.
Strong Earnings: Boeing reported a smaller-than-expected Q1 loss (adjusted loss of 20 cents per share vs. expected 83 cents) and beat revenue expectations at $22.22 billion. The company expects 737 Max 7 and Max 10 certification this year with deliveries in 2027.
Energy Tech Strength: GE Vernova surged 7% after reporting $9.34 billion in Q1 revenue, exceeding the $9.25 billion estimate.
Dow Performance: The Dow Jones advanced 340.65 points (0.69%) to 49,490.03.
Regional Markets: Asia-Pacific markets opened lower Wednesday on Middle East conflict concerns, with Japan's Nikkei up 0.22% and South Korea's Kospi down 1.02%.