The S&P 500 edged higher on Monday, supported by strong performances in key tech stocks, despite rising oil prices following President Donald Trump’s rejection of Iran’s latest peace proposal.
The broader market index increased by 0.19%, closing at 7,412.84.
The Nasdaq Composite also saw a modest gain of 0.1%, ending the day at 26,274.13.
Both indices reached new intraday record highs during trading and closed at all-time highs.
The Dow Jones Industrial Average rose by 95.31 points, or 0.19%, finishing at 49,704.47.
Meanwhile, Iran submitted a new proposal to U.S. negotiators aimed at ending the ongoing conflict.
The counteroffer emphasized the need to cease hostilities on all fronts and to lift sanctions on Tehran.
Source (CNBC)
