Update: US Equities Rise, Oil Prices Ease as Trump Confirms Iran Talks
(Updates with market moves at the end of the day and weekly index changes.) US equities rose Friday, rebounding at the end of a mixed week on Wall Street, while oil prices slipped as President Donald Trump confirmed talks with Iran. The S&P 500 rose 0.4% to 7,575.4. The Dow Jones Industrial Average and the Nasdaq Composite added 0.3% each to close at 52,637 and 26,281.6, respectively. Health care was the sole laggard among sectors, while materials led gainers. The Nasdaq and the S&P 500 logged their second consecutive weekly gains, advancing 1.7% and 1.2%, respectively. The Dow edged down 0.5% from last week after a run of four weekly wins. West Texas Intermediate crude oil was down 0.7% at $71.60 per barrel in Friday late-afternoon trade, while Brent ticked down 0.3% to $76.06. US crude futures were on track for their first weekly advance following four consecutive weekly declines. Brent prices were headed for their second straight weekly rise. Trump said Friday that the US agreed to continue negotiations with Iran, although he reiterated that their ceasefire is over. Hostilities between the two countries resumed in recent days, weeks after they reached an interim.
(Updates with market moves at the end of the day and weekly index changes.) US equities rose Friday, rebounding at the end of a mixed week on Wall Street, while oil prices slipped as President Donald Trump confirmed talks with Iran.
The S&P 500 rose 0.4% to 7,575.4.
The Dow Jones Industrial Average and the Nasdaq Composite added 0.3% each to close at 52,637 and 26,281.6, respectively.
Health care was the sole laggard among sectors, while materials led gainers.
The Nasdaq and the S&P 500 logged their second consecutive weekly gains, advancing 1.7% and 1.2%, respectively.
The Dow edged down 0.5% from last week after a run of four weekly wins.
West Texas Intermediate crude oil was down 0.7% at $71.60 per barrel in Friday late-afternoon trade, while Brent ticked down 0.3% to $76.06.
US crude futures were on track for their first weekly advance following four consecutive weekly declines.
Brent prices were headed for their second straight weekly rise.
Trump said Friday that the US agreed to continue negotiations with Iran, although he reiterated that their ceasefire is over.
Hostilities between the two countries resumed in recent days, weeks after they reached an interim.