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The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the “Greed” zone on Wednesday.

With US fighter jets on the sideline, US stock benchmarks are experiencing a sonic boom. The resumption of talks is supposed to take place tomorrow, and traders don't seem to wonder if they are getting ahead of themselves.

Market narratives change fast. The story doesn't wait for you to catch up. Investors witnessed a pretty frightening pullback in the S&P 500 over the 21 days that followed the U.S. war with Iran and the surge in global oil prices.

The index on Wednesday tallied its first intraday and closing record highs since the start of the Iran conflict.

The S&P 500 and Nasdaq Composite rose to new all-time highs on Wednesday, building on the week's strong gains as investors remained hopeful about the Iran war potentially ending soon. CNBC's Seema Mody breaks down the stocks making the biggest moves.

Investors remain hopeful that the U.S. and Iran can reach a peace deal.

US equities surged to fresh record levels on renewed optimism that the conflict in the Middle East could move toward a resolution. The S&P 500 rose 0.5%, edging above its previous late-January peak, while the Nasdaq 100 advanced 0.7% as technology stocks continued to lead gains.

Just eight days ago, International Energy Agency Chief Fatih Birol declared the world was facing the largest energy supply disruption in modern history.

The S&P 500 closed at a new record high Wednesday, its first ​since the U.S.-Iran conflict began, as hopes of a de-escalation in ‌the war and robust earnings expectations drew investors back into risk assets.

The broader benchmark S&P 500 fell nearly 8% at its lows amid the Iran War. Geopolitical wars make things very unpredictable.