Dow Jones, S&P 500, Nasdaq: US stock markets open higher – oil price falls again
Rising bond yields, new developments in the Middle East and new corporate deals are moving the stock market on Friday. Meanwhile, in Washington, the meeting between Trump and Xi is coming to an end.
US stock market indexes, including the Dow Jones, S&P 500, and Nasdaq, rose on the last trading day of the week, with gains of 0.4%, 0.3%, and 0.4% respectively. The increases come after reports that US and Iranian officials are seeking a gradual de-escalation of the conflict, potentially including the reopening of the Strait of Hormuz and the lifting of US economic sanctions.
Oil prices fell on Friday, with Brent crude down 1.2% to $105 per barrel, while the dollar index declined 0.2% to 101.125 points. Meanwhile, yields on 10-year US Treasury bonds remained above 5%, with some Fed officials, including Anna Paulson and John Williams, suggesting further interest rate hikes may be necessary to combat inflation.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
