On Friday, the S&P 500 Index closed up 0.37%, the Dow Jones Industrial Average rose 0.58%, and the Nasdaq 100 climbed 0.42%, marking a week of highs for the S&P 500 and Nasdaq, with the Dow reaching a new all-time high. The positive market movement was attributed to optimism regarding US-Iran peace negotiations and a rally in chipmakers and AI-infrastructure stocks, led by Workday, which gained over 5% after exceeding Q1 earnings expectations.
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