US Stocks Hover Near Record on Iran Peace Hopes: Markets Wrap

(Bloomberg) -- US stocks traded near an all-time high following a rally powered by optimism around a potential peace deal in the Middle East, with investors eyeing confirmation of new talks and a fresh spate of corporate earnings.The S&P 500 was up 0.4%, after closing within a whisker of its late-January record in the previous session. Bank of America Corp. and Morgan Stanley rose as their equity traders posted strong revenue beats. The tech-heavy Nasdaq 100 was up 0.7%.Stock and bond markets ar