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S&P 500 tops record high as Iran worries fade and AI lifts sentiment

The index rose 1.8 percent, extending a rebound after a recent technology-led sell off.

Reported · Written up by our desk · Indices

The S&P 500 climbed to a record high, with NYT Business reporting a 1.8 percent gain that pushed the index above its prior peak set at the start of June.

The move came as market worries tied to Iran appeared to ease, while optimism around AI helped support stocks.

NYT Business said the rally capped a broader turnaround after a recent sell off in technology stocks, reversing earlier pressure on the market.

Latest closeS&P 500 7,736.52 ▲1.8%

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