(WBBM NEWSRADIO) -- Stocks surged higher Wednesday, boosting the NASDAQ to an all-time closing high, after President Trump's remarks on the Iran conflict alleviated concerns about further escalation in tensions.
The S&P 500 added 15, the NASDAQ gained 60 and the Dow Jones Industrial Average closed up nearly 162 points, settling to 28,583.
"I think it was a little bit of a relief rally, and I think we are probably going to continue to see kind of this back and fourth trading here until we get into earnings season," says Chuck Carlson, CEO of Horizon Investment Services. "That's really going to be the next driver of stock prices."
He also noted that the three main engines of stock market performance are inflation, interest rates and corporate profits.
