S&P 500 hits record above 7,400 despite Iran war concerns

The S&P 500 closed above 7,400 for the first time ever, marking a nearly 17% gain since late March amid ongoing conflict in Iran. Despite President Trump's warning that the Iran cease-fire deal is on "life support," the market remains resilient. The Nasdaq Composite also achieved consecutive record closes, reflecting investor optimism despite geopolitical risks. The market's future performance will depend on how the Iran situation evolves and its economic impact.