Wall Street’s AI-driven optimism helped the S&P 500 and Dow edge higher on Wednesday, as investors weighed renewed US-Iran clashes against concerns that a broader conflict could reignite inflation and complicate the Federal Reserve’s interest-rate outlook, Reuters reported.
At 9:56 a.m. ET, the Dow Jones Industrial Average was up 246.01 points, or 0.47%, at 53,012.89, while the S&P 500 gained 8.22 points, or 0.11%, to 7,639.69. The Nasdaq Composite was down 14.92 points, or 0.06%, at 26,084.86.
