U.S. stocks reached new record highs on Thursday, driven by strong corporate earnings from companies like Dollar Tree, Snowflake, and Hormel Foods.

The rally was also supported by optimism over a tentative U.S.-Iran ceasefire extension, which helped ease oil prices and inflation pressures.

Major indexes all rose, with the S&P 500, Dow, and Nasdaq setting fresh records despite ongoing concerns about inflation and high interest rates.

Strong profit reports and upbeat forecasts boosted several retailers and tech firms, highlighting continued corporate earnings strength, the AP has reported.

However, bond yields remain elevated, and global markets were mostly weaker amid broader economic uncertainty.