Stock Market Today: Nasdaq, S&P 500 Score Record Closes On Iran Hopes; Nvidia Hits Highs (Live Coverage)

💡 Nasdaq and S&P 500 index records are driven by optimism over Iran's nuclear deal hopes.

The Nasdaq and S&P 500 indices scored record closes on Wednesday, driven by optimism over Iran's nuclear deal hopes and a rebound in technology stocks. The Federal Reserve's hawkish stance has kept interest rates high, but the market's focus has shifted to geopolitics and the potential for a breakthrough in the Iran nuclear talks.

Iran Nuclear Deal Hopes Boost Stocks

The news of a possible deal with Iran sent stocks soaring, with the Nasdaq Composite Index rising 4.3% and the S&P 500 Index gaining 3.6%. The tech-heavy Nasdaq outperformed the broader market, with the index's Technology sector leading the charge. $NVDA, a leading semiconductor stock, surged to a new all-time high, driven by the prospect of increased demand for its products if a deal with Iran is reached.

Nvidia Hits New Highs

Nvidia's stock price has been on a tear in recent weeks, driven by a combination of factors, including the company's strong earnings report and the potential for increased demand for its products if a deal with Iran is reached. The stock's market capitalization has surpassed $1 trillion, making it one of the largest companies in the world by market value.

What It Means for Investors