Wall Street rallied yesterday following the announcement of US-Iran peace agreement. Among the major indices, the Nasdaq Composite Index soared over three per cent to close at 26 thousand 684, and the S&P 500 advanced more than 1.6 per cent to end at 7 thousand 554. Meanwhile, the Dow Jones Industrial Average climbed 0.9 per cent to close at a record high of 51 thousand 671.
Investors are now looking ahead to the Federal Reserve’s policy meeting, which is set to begin tonight under the new chairman Kevin Warsh.
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