Markets Rally on Wall Street Amid Hope for End of War in Iran

As the war in Iran continues, the markets saw a record-setting day of trading on Wednesday with both the Nasdaq and S&P 500 closing at all-time highs after President Donald Trump said the war in Iran is “very close to over.” Gas prices remain high, but Treasury Secretary Scott Bessent suggested they will get into the $3 range some time by the summer. NBC’s Christine Romans joins TODAY to break down what you need to know.