The stock market experienced a surge on Wednesday, with the S&P 500 reaching a new high and the Dow Jones futures also pointing upwards. The announcement from President Donald Trump indicated that the Iran conflict is over, and an announcement that talks between Lebanon and Israel will take place. The index rose by about 0.8 percent to close above 7,000, higher than any previous closing. More than 80 percent of the total shares of companies are now higher than they were at their lowest point in March. The market is anticipating a third consecutive week of gains, particularly given the recent weakness in corporate earnings.