S&P 500, Nasdaq on Pace for New Record Highs as Markets Rebound

With the U.S.-Iran cease-fire extended indefinitely, the S&P 500 and Nasdaq climbed out of this week’s hole to return to their highest closing levels on record. The S&P 500 was up 0.8% and trading above Friday's closing high of 7126.06. The Nasdaq was up 1% and trading above Friday's record close of 24,468.48.