Wall Street: US stock markets close with gains
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 market indexes rose on the last trading day of the week, with Dow Jones gaining 0.9% to 51,828 points, S&P 500 up 0.5% to 7,743 points, and Nasdaq advancing 0.5% to 27,068 points. The gains come as reports emerge of potential diplomatic efforts to de-escalate the Iran conflict, with US and Iranian negotiators seeking a step-by-step exit from the crisis.
A possible agreement could involve Iran reopening the Strait of Hormuz and the US lifting economic sanctions in return. The developments brought some relief to markets, with analysts citing reduced inflation concerns and downward pressure on bond yields. Oil prices fell on Friday, with Brent crude down 2.4% to $104 per barrel and WTI down 2.6%.
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.
