Stock Market Today: S&P 500, Nasdaq Lead Another Record-Setting Stock Surge Amid US-Iran Deal Hopes, Software Stocks Rally

💡 The S&P 500 and Nasdaq continued their record-breaking streaks as investors bet on a US-Iran deal and software stocks rallied.

The S&P 500 and Nasdaq led another record-setting stock surge, fueled by optimism over a potential US-Iran deal and a rally in software stocks.

The Dow Jones Industrial Average also rose, led by gains in Boeing and Microsoft. This comes as investors await the outcome of the US-Iran negotiations, which could have significant implications for the global economy.

Record-Setting Stock Surge Continues

The S&P 500 and Nasdaq have now set new highs for 10 consecutive days, with the tech-heavy Nasdaq rising 4.5% in the past week. $SPY, which tracks the S&P 500, has gained $3.50 per share, or 1.2%, in the past month.

This surge has been driven by a combination of factors, including the US-Iran deal hopes and the rally in software stocks. $NVDA, which is among the top performers in the Nasdaq, has gained $45.50 per share, or 5.2%, in the past week.

Software Stocks Rally

The software sector has been a key driver of the recent stock surge, with companies like Microsoft and Alphabet leading the way. $MSFT, which is the largest software company in the world, has gained $4.50 per share, or 2.1%, in the past week.

US-Iran Deal Hopes

The potential US-Iran deal has been a major factor in the recent stock surge, with investors betting on a significant improvement in global economic conditions. If a deal is reached, it could lead to a rise in global trade and economic growth, benefiting companies like Boeing and Caterpillar.

What It Means for Investors