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HomeMarket NewsUS Stock Market Live Update: S&P, Nasdaq tick up on US-Iran talks buzz; DOJ drops Jerome Powell probe
US Stock Market Live Update: US stocks edged higher on Friday after reports signalled a potential thaw in geopolitical tensions, with talks between the United States and Iran likely to take place in Pakistan. The S&P 500 rose 0.2%, while the Nasdaq Composite gained 0.6%. However, the Dow Jones Industrial Average slipped 160 points, or 0.3%, reflecting a mixed market mood.
US Stock Market Live Update: US stocks edged higher on Friday after reports signalled a potential thaw in geopolitical tensions, with talks between the United States and Iran likely to take place in Pakistan.
The S&P 500 rose 0.2%, while the Nasdaq Composite gained 0.6%. However, the Dow Jones Industrial Average slipped 160 points, or 0.3%, reflecting a mixed market mood.
According to AP, citing a Pakistani government official, Iranian Foreign Minister Abbas Araghchi is expected to arrive in Islamabad on Friday evening, with US-Iran negotiations likely to follow.
The development weighed on oil prices, cooling the recent rally, with West Texas Intermediate futures hovering above $95 per barrel and Brent crude trading above $105.
The optimism also comes a day after US President Donald Trump announced that Israel and Lebanon have agreed to extend their ceasefire by three weeks following talks at the White House.
Besides this, the US Department of Justice on Friday dropped its criminal investigation into the Federal Reserve and Chair Jerome Powell over a renovation project at its Washington headquarters.
US Attorney Jeanine Pirro said the probe was being closed as the Fed’s Inspector General reviews cost overruns tied to the project, adding the investigation could be reopened if warranted.
