Wall Street’s three major stock indexes moved higher at Thursday’s opening bell, with technology companies driving much of the momentum as optimism over a potential Iran peace deal helped ease concerns about the Federal Reserve’s aggressive stance on interest rates.
The Dow Jones Industrial Average gained 79.3 points, or 0.15%, reaching 51,571.85. The S&P 500 climbed 67.3 points, or 0.91%, to 7,487.36, while the tech-heavy Nasdaq Composite surged 389.0 points, or 1.49%, to 26,410.623 as trading got underway.
The positive mood in markets came despite lingering unease over the hawkish tone expected from the Federal Reserve under new Chair Kevin Warsh, with investors weighing that uncertainty against the prospect of progress on a Middle East peace agreement.
