New York, 7 May 2026 – Wall Street surged to fresh record highs on Wednesday as investors reacted positively to signs that the United States and Iran may be moving closer to a possible agreement to end the conflict, easing fears over energy disruption and global inflation pressure.
The S&P 500 advanced 1.46% to close at 7,365.12, marking its first finish above the 7,300 level. The Nasdaq Composite gained 2.02% to 25,838.94, while the Dow Jones Industrial Average jumped 612.34 points, or 1.24%, to end at 49,910.59. Both the S&P 500 and Nasdaq touched new highs and closed at record levels.
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