Nasdaq briefly sets record high as US-Iran talks lift New York stocks

  • New York stocks opened higher as expectations grew for renewed US-Iran negotiations.
  • Nasdaq Composite rose 106.31 points to 27,228.40 after briefly reaching a record.
  • The previous Nasdaq intraday record was 27,190.21, set on June 1.

New York stocks opened higher on the 22nd as expectations grew for renewed negotiations aimed at ending hostilities between the United States and Iran. The Dow Jones Industrial Average was at 52,158.30 by 9:35 a.m., up 109.47 points, while the Nasdaq Composite rose 106.31 points to 27,228.40 after briefly reaching a new intraday record. Reuters reported an early-trading high of 27,224, above the previous record of 27,190.21 set on June 1, marking the first new high since early June. The S&P 500 opened at 7,770.81, up 6.1 points, and the Dow initially gained 253.1 points to 52,301.92. Investors remained focused on the talks and the Middle East situation, while declining crude oil prices provided additional support for equities.

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