New York —
US stocks have been on a two-week rally that has helped the S&P 500 and Nasdaq erase all losses tied to the outbreak of the war with Iran.
The S&P 500 has risen nine out of the past 10 trading sessions, gaining 10% across that period and putting the index up more than 1% since the US-Israeli war with Iran began at the end of February.
The S&P on Wednesday rose 0.5% and hit a fresh intraday record high of 7,003.82 points, surpassing its last record set in January. It’s a stark shift
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