Wall Street Hits Record Highs

Major Wall Street indexes closed at record highs, posting weekly and monthly gains, buoyed by Dell’s results that lifted tech stocks, as investors awaited details of a potential agreement between the United States and Iran. U.S. President Donald Trump said in a social media post that he would make a “final decision” on the Iran deal, while Tehran earlier stated it was looking for actions, not words, regarding the agreement. Dell Technologies shares jumped after the company raised its full-year earnings and revenue outlook on Thursday, propelling the technology sector higher with gains in chip stocks. During the session, all three indexes hit record levels in trading, supported by optimism about artificial intelligence and earnings growth, despite concerns over the impact of the Iran war on inflation and the global economy. The S&P 500 rose 0.21% to close at 7,579.74 points, the Nasdaq climbed 0.20% to 26,971.21 points, and the Dow Jones advanced 0.72% to 51,032.45 points.