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S&P 500 Closes at Record High; Stocks Shrug Off Trump Hints of Iran Strike

Rob Lenihan

The S&P 500 closed at a record high Thursday, rebounding from a mid-day dip after President Trump hinted at a military strike against Iran in response to the shooting down of a U.S. drone over international waters. rose after the enterprise software company topped analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. shares fell after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker likely are too optimistic.