Wall Street scales fresh record high as investors bet on end of Iran war

The S&P breached 7,000 points for the first time in history, in a rally that erased stark losses incurred at start of war

Wall Street scaled a fresh all-time high on Wednesday amid growing optimism among investors that the US-Israel war on Iran will soon be over.

The benchmark S&P 500 breached 7,000 points for the first time in history, after climbing 0.8% over the course of the day, finishing at 7,022.95. The tech-heavy Nasdaq also rose 1.6% to 24,016.02, its own record high, while the Dow Jones industrial average remained broadly flat.