Wall Street resumed its advance on Thursday, pushing the S&P 500 and the Nasdaq closer to record closing highs as the Israel-Iran cease-fire continued to hold and a raft of economic indicators appeared to support the case for the U.

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.80%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.94%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.94%. September E-mini S&P futures (ESU25) rose +0.

U.S. stocks hung near their all-time high on Wednesday as financial markets caught a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil.