Nasdaq hits record highs on easing inflation and Iran ceasefire talks, boosting tech stocks.

The Nasdaq Composite reached an intraday record high driven by cooler-than-expected U.S. inflation data and reports of a 60-day Iran ceasefire framework, which eased fears over oil supply and inflation. Technology stocks, led by a 35% surge in Snowflake after strong guidance, fueled the rally. However, the ceasefire is not finalized and oil prices remain volatile, posing risks to the market's momentum. Despite record highs, bearish investor sentiment remains high, indicating cautious optimism as the market watches for confirmation of these positive developments.