S&P 500, Dow hit record highs on strong AI-linked earnings, Mideast deal hopes - Reuters
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- Dow and S&P 500 hit record highs as the Dow leaped 800-1,000 points, driven by strong AI-linked earnings and hopes for a Mideast deal.
- Palantir rallied 29% after Bessent signaled an Iran deal is close, while SpaceX earnings also came into market focus per WSJ coverage.
Why it matters: Bessent's Iran-deal signal combined with blowout AI earnings produced a roughly 2% Dow surge in a single session, and Palantir's 29% jump shows how directly the AI-defense trade now tracks geopolitical de-escalation headlines.
