Wall Street: US stock markets open higher – bond yields continue at 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 start the last trading day of the week with slight gains. The Dow Jones is up 0.3% at 51,501 points, the S&P 500 gains 0.2% to 7,723 points, and the Nasdaq rises 0.3% to 27,009 points. The gains come after reports that US and Iranian negotiators in New York are seeking a gradual exit from the conflict, with a possible agreement involving Iran reopening the Strait of Hormuz and the US lifting economic sanctions. Oil prices are down, with Brent crude 0.3% cheaper at $106 per barrel and US WTI 0.8% lower.
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.
