Wall Street: US stock exchanges expand gains in the course of trading - bond yields remain at a high level
Rising bond yields, new developments in the Middle East and new corporate deals are driving the stock market on Friday. Meanwhile, in Washington, the meeting between Trump and Xi is coming to an end.
US stock markets started the last trading day of the week with slight gains, with the Dow Jones up 0.8% at 51,746 points, S&P 500 up 0.4% at 7,737 points, and Nasdaq up 0.5% at 27,070 points. The gains come after reports that US and Iranian negotiators are seeking a gradual exit from the conflict, with a possible agreement to reopen the Strait of Hormuz and lift US economic sanctions on Iran.
Oil prices fell on Friday, with Brent crude down 2.4% to $106 per barrel, after rising sharply on Thursday following a rocket attack on Saudi Arabia. The US dollar index paused its upward trend, falling 0.2% to 101.125 points, while 10-year US Treasury yields remained high, just below 5.2%.
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.
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