South Korea Financial Markets

A currency trader reacts near a screen showing international oil prices at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 15, 2026.

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Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for an end to the Iran war

Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for an end to the Iran war

U.S. stocks have hit a record following their big rally over the last two weeks. The S&P 500 rose 0.8% Wednesday and eclipsed its prior all-time high set in January. After falling nearly 10% below its record in late March, the S&P 500 has roared 10% higher on hopes the global economy can avoid a worst-case scenario because of the Iran war. Hopes remain high as mediators moved closer to extending the U.S.-Iran ceasefire and restarting negotiations. Some caution remains in markets still. The Dow Jones Industrial Average dipped 0.1%, and oil prices drifted up and down through the day. The Nasdaq composite gained 1.6%.