S&P 500, Nasdaq edge up from records with Middle East hopes, corporate earnings in focus

Wall Street indices edged higher on Thursday, with the S&P 500 and Nasdaq reaching new highs, buoyed by a ceasefire agreement between Israel and Lebanon. Investors also processed mixed economic data and corporate earnings, with some analysts questioning the market's optimism given the economic indicators. Individual stock performance varied significantly based on company-specific news and earnings reports.