Stocks ended at record highs Thursday as the tension between Iran and the U.S. eased for the time being, with tech shares outperforming.
The Dow closed 211 points higher and inched closer to reaching 29,000 for the first time. The S&P 500 climbed nearly 0.7%, while the Nasdaq gained 0.8%.
Crude prices settled below $60 per barrel on Thursday, well below their recent highs of more than $65 per barrel. The move towards safe haven assets such as gold and Treasury’s has also reversed.
Gold futures are trading off a near seven-year high while the 10-year Treasury yield was at 1.85%. Earlier in the week, the benchmark rate broke below 1.8%.
