S&P 500, Nasdaq, Dow Jones Touch Record Highs as Trump Close to Making Decision on Iran Peace Deal

MT Newswires Live00:06

US equity indexes rose, with all three mainstream gauges hitting intraday record highs amid a surge in technology names and as President Donald Trump appeared close to announcing his decision on a preliminary Iran peace agreement.

The Nasdaq Composite climbed 0.2% to 26,965.4, with the S&P 500 up 0.2% to 7,581.2, and the Dow Jones Industrial Average higher by 0.8% to 51,050.7 at midday on Friday.

Dell Technologies (DELL) shares jumped past 28%, the top gainer on the S&P 500, after the company reported overnight fiscal Q1 financial results that topped analyst estimates and issued higher-than-expected guidance for fiscal Q2 and the full year.

President Donald Trump is making a "final determination" on a preliminary deal to extend a ceasefire with Iran after mixed messages from both sides over when an agreement might be struck, he said on Friday, according to a report from Bloomberg.

"I will be meeting now, in the Situation Room, to make a final determination," Trump said in a social media post.

Brent crude futures fell 1.9% to $91.86, and West Texas Intermediate crude oil futures declined 1.2% to $87.68.

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