S&P 500 reaches all-time high as investors stay optimistic about Middle East developments

Wall Street's major averages advanced on Wednesday, with the S&P 500 (SP500) achieving a record high as investors awaited good news on the U.S.-Iran conflict front while parsing more bank and financial earnings. The benchmark S&P 500 (SP500) made new intraday highs and was last +0.5%. The heavy-tech Nasdaq Composite (COMP:IND) was last +1.1%, aided by Broadcom (AVGO), +3%, as it entered into a three-year partnership with Meta Platforms (META) to develop its AI chips and deploy them into data centers. Nonetheless, the Dow Jones Industrial Average (DJI) was -0.3%. Over in the bond market, the benchmark 10-year Treasury yield...