The Korea Times
On Wall Street, the benchmark S&P 500 and tech-heavy Nasdaq rallied to record closing highs on Wednesday as investors were encouraged by corporate earnings and hopeful of progress in U.S.-Iran negotiations. Equities have found support this week from investor hopes that Washington and Tehran could return to the negotiating table with a view to ending the war, which has caused widespread disruption in global oil markets, reignited inflation concerns and muddied the interest-rate outlook. White House press secretary Karoline Leavitt told reporters that discussions about a second round of talks with Iran were ongoing and productive but said reports that the U.S. requested a ceasefire in the Iran war were wrong. Meanwhile, the U.S. Treasury Department said it was targeting Iran's oil transportation infrastructure with sanctions on more than two dozen individuals, companies and vessels. The benchmark S&P 500 index hit its first intraday record since the conflict erupted and notched a record closing high on Wednesday after ending Tuesday's session slightly below the 6,978.60 record of January 2
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