NEW YORK (dpa-AFX) – On the US stock market, good-humoured investors in the technology sector are apparently already looking past the Iran war. Both the NASDAQ 100 selection index and the market-wide S&P 500, which is full of tech stocks, rose higher than ever before on Wednesday. Standard values fell slightly behind. Hopes for peace talks between the US and Iran were boosted along with optimism around artificial intelligence technologies.
The United States and Iran are considering extending their agreed two-week ceasefire by another two weeks to allow more time for a peace deal, people familiar with the matter said. This reassured market participants who are now waiting for another round of talks between the two countries. Hopes for this had already driven the stock markets this week after the unsuccessful talks at the weekend.
The S&P 500 climbed to 7,026 points and ended trading with an increase of 0.80 percent to 7,022.95 points. The NASDAQ 100 rose over 26,214 points and at the end of the trading session it recorded an increase of 1.40 percent at 26,204.58 points. Tesla and Microsoft were among the biggest gainers.
With a loss of 0.15 percent to 48,463.72 points, the leading barometer Dow Jones Industrial lagged behind. “Old economy” stocks were avoided, Caterpillar ended up at the bottom of the Dow with a loss of 3 percent./ajx/he
