US Stock Market Today: S&P 500 Hits Record as Wall Street Bets Earnings Can Outrun War Shock
The S&P 500 hit a new intraday high Wednesday, its first since the U.S.-Iran conflict began, while the Nasdaq rose about 1%. Bank of America and Morgan Stanley advanced after strong earnings. Oil prices remain 40% above late February levels, and U.S. producer prices climbed 4% year-on-year in March, the fastest pace since 2021. The IMF cut its 2026 global growth forecast on Tuesday.