Dow Hits Record High on Middle East Peace Deal Optimism

The Dow Jones Industrial Average reached a new record high on Wednesday due to optimism about a proposed peace deal between Iran and Oman.

A 4.6% gain in Amgen shares contributed significantly to this rise, as well as a 3.6% increase in Disney stock after the company beat third-quarter profit expectations.

However, the Nasdaq Composite fell by 0.83%, with SpaceX and Advanced Micro Devices (AMD) experiencing declines following their quarterly earnings reports.