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Rich Asplund

Stocks Settle Higher as Nasdaq Posts a Record High on Tech Strength

HIG Nasdaq THe Dow SP United States ECB Donald Trump Iran Oil

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +1.05%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.69%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.73%. June E-mini S&P futures (ESM26) rose +0.99%, and June E-mini Nasdaq futures (NQM26) rose +1.76%.

Stock indexes settled higher on Wednesday, with the Nasdaq 100 posting a new record high. Stocks found support today as President Trump, after the markets closed on Tuesday, extended his ceasefire with Iran for three to five days. Strong corporate earnings results also lifted stocks on Wednesday after GE Vernova, Boeing, and Masco reported better-than-expected Q1 earnings. In addition, strength in chipmakers and AI-infrastructure stocks boosted the overall market on Wednesday.

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