Wall Street: S&P 500, Nasdaq hit record highs as crude oil slumps on hopes of US-Iran peace deal

The S&P 500 and the Nasdaq hit record highs on Thursday as crude oil prices slumped further on hopes of a potential US-Iran peace deal.

At 09:30 a.m. ET, the Dow Jones Industrial Average rose 192.59 points, or 0.39%, to 50,091.92, the S&P 500 rose 6.38 points, or 0.09%, to 7,374.11 and the Nasdaq Composite rose 40.33 points, or 0.16%, to 25,879.28.