Economic TimesLean R·
US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
The Dow closed at a record on Wednesday on signs of progress for a peace deal with Iran, while the Nasdaq saw its first decline in five sessions as SpaceX and AMD stumbled following their quarterly earnings. A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters, in one of the biggest concessions yet to Iran.Stocks rallied to start the week, with the Dow and S&…
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