Global Markets Hit Record Highs

Despite the ongoing conflict in the Middle East and the closure of the Strait of Hormuz, the S&P 500 and Nasdaq closed at record highs on Wednesday.

Investors are increasingly looking past the immediate energy shock to focus on market fundamentals and the potential for a negotiated peace deal between the U.S. and Iran.

This bullish sentiment was further bolstered by record-breaking quarterly results from Taiwan Semiconductor Manufacturing Co., which signaled robust demand for AI-related infrastructure.

However, policymakers warn that the full economic toll of the energy crisis may yet be felt if supply chain disruptions persist.