The S&P 500 and Nasdaq Composite both finished Friday at record highs, buoyed by optimism that US–Iran peace talks may soon occur in Pakistan. The S&P 500 rose 0.8% to 7,1658, while the Nasdaq climbed 1.6% to 24,837. In contrast, the Dow Jones slipped 0.2%, closing at 49,231. Reports indicated Iran’s foreign minister would meet Pakistani mediators in Islamabad, raising hopes for renewed negotiations with Washington. President Donald Trump also announced a three-week ceasefire extension between Israel and Lebanon, adding to risk appetite. Intel surged 23% to a new record after posting strong results and sharply beating sales for profits this year. Nvidia rose more than 4%, Amazon added over 3%, and Palantir gained 1.1%. Also, P&G added 1.6% after topping sales forecasts and reiterating its full-year forecast. For the week, the S&P 500 rose 0.6%, the Nasdaq added 1.5%, while the Dow fell 0.4%.
