Stocks
Dow Surges to Record High Amid Hopes for Iran Deal
The Dow Jones industrial Average set another record on Wednesday, rising by 263.24 points to 54,349.12.
This comes as investors remain hopeful for a deal with Iran, following President Donald Trump's statement that a deal to reopen the Strait of Hormuz could come as early as Wednesday.
The S&P 500 index fell 12.97 points, or 0.2%, to close at 7,723.55, while the Nasdaq fell 221.55 points, or 0.8%, to 26,363.44.
Big technology companies such as Alphabet and Microsoft weighed down the market, with Alphabet falling by 4% and Microsoft falling by 1.1%.