EconomyDow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq

The Dow finished at a record high as investors saw signs that negotiations toward a peace deal with Iran were making progress. The Nasdaq, however, ended a five-session winning streak and posted its first decline in that span. SpaceX and AMD fell after reporting quarterly earnings, weighing on the technology-heavy index. The contrasting moves reflected optimism over the Middle East alongside pressure from disappointing reactions to company results.