Trump's Iran War 'Close To Over' Prediction, Bank Earnings Lift S&P 500, Nasdaq To Record Highs: These ET

U.S. stocks rallied on signs of a potential end to the Iran conflict and on a strong start to the first quarter earnings season.

The S&P 500 closed above 7,000 for first time on Wednesday and hit its first closing high since January. The index gained 3% so far this week. The Nasdaq Composite Index hit new all-time highs, extending its winning streak to 11 consecutive sessions. The tech-heavy index has risen 5% week-to-date.

President Donald Trump said in an interview with FOX Business anchor “Mornings on Maria” on Wednesday that the Iran war is "very close to over" with Tehran vying for a peace deal.

We have highlighted three ETFs that reached new all-time highs on Wednesday:

Invesco QQQ Trust Series 1 (NASDAQ:QQQ)

This ETF offers exposure to companies at the forefront of innovation across a diverse range of sectors by tracking the Nasdaq-100 Index.

SPDR S&P 500 ETF Trust (NYSE:SPY)

SPY was up 0.8% on Wednesday. HOOD and DASH gained 10.4% and 10%, respectively.

Defiance Quantum ETF (NASDAQ:QTUM)

QTUM provides exposure to companies in the global quantum computing and machine learning industries. It follows the BlueStar Machine Learning and Quantum Computing Index.

Benzinga Edge Stock Rankings indicate that QQQ, SPY and QTUM ETF has a Momentum score in the 61th percentile, 54th percentile and 79th percentile, respectively. All three funds are trending strongly across short, medium, and long-term time frames.  

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