S&P 500 rebounds on reports of US-Iran 60-day ceasefire MoU

Wall Street reversed a weak start and turned positive on Thursday after reports emerged that the United States and Iran had reached a preliminary agreement aimed at extending the current ceasefire and launching negotiations over Iran's nuclear program. The S&P 500 and Nasdaq Composite both climbed to fresh record highs during the session following the news, while the Dow Jones Industrial Average traded little changed.