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

The Dow closed at a record high on Wednesday, driven by optimism regarding a potential peace deal with Iran. In contrast, the Nasdaq suffered its first decline in five sessions. This downward trend was triggered by SpaceX and AMD, which both stumbled following the publication of their quarterly earnings. The market results highlight a divergence between the record-breaking Dow and the struggling Nasdaq due to specific corporate earnings reports.