BREAKING: S&P 500 Hits Record High on Ceasefire Optimism.

•⁠ ⁠The S&P 500 climbed 0.5% to a new intraday record, surpassing its previous peak of 7,002.28 set in late January.

•⁠ ⁠The rally is driven by optimism over a ceasefire between the U.S. and Iran and strong corporate earnings.

•⁠ ⁠Finance and technology stocks led the gains, while the Nasdaq 100 rose as much as 0.9%.

•⁠ ⁠The surge marks a sharp turnaround after the index had fallen more than 9% from its peak amid an oil-price spike linked to the Iran war.