00:00On Wall Street, the benchmark S&P 500 and tech-heavy Nasdaq rallied to record-closing highs on Wednesday
00:06as investors were encouraged by corporate earnings and hopeful of progress in U.S.-Iran negotiations.
00:12Equities have found support this week from investor hopes that Washington and Tehran could return to negotiating table
00:19with a view to ending the war, which has caused widespread disruption in global oil markets,
00:24reignited inflation concerns and muddied the interest rate outlook.
00:28According to preliminary data, the S&P 500 gained 54.83 points, or 0.79%,
00:35while the Nasdaq Composite gained 375.34 points, or 1.59%.
00:40The Dow Jones Industrial Average fell 75.44 points, or 0.16%.
00:48What's driving stocks today is largely the market feeling more optimistic about oil going through the Strait of Hormuz,
00:56where we're not necessarily seeing ships being blockaded from passing through,
01:03and this has been just largely good for sentiments, which is driving prices higher.
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