Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) are trading higher on Thursday, with the former reaching a new intraday all-time high of 7,051.
Claim 30% Off TipRanks
Trade QQQ with leverageA ceasefire between Israel and Lebanon has lifted sentiment as investors look ahead to developments on the U.S.-Iran front. However, major disagreements still exist between the two sides, with the focus of talks shifting to a ceasefire extension or interim deal instead of a permanent end to the war.
Iran Nuclear Dispute Drags On as Tech Stocks Lead S&P 500 Higher
A major sticking point is Iran’s right to enrich uranium. Tehran previously proposed a five-year freeze on the nuclear material, although the Trump administration rejected the offer and asked for 20 years.
Iran currently seeks a memorandum that would include the release of some frozen funds in exchange for partially reopening the Strait of Hormuz, a senior Iranian official told Reuters.
Elsewhere, tech stocks continue to drive the S&P 500 higher, with AMD (AMD), Oracle (ORCL), and Intel (INTC) up by over 4% at the time of writing.