US Stocks Advance Boosted By Strong Earnings Season
US stocks rose on Friday morning as the world awaited an update on US-Iran peace talks.
The S&P 500 gained 0.5%, and the Dow Jones Industrial Average, which notched a record high on Thursday, rose 0.7%. The tech-heavy Nasdaq Composite climbed 0.6%. The S&P 500 is vying for the index’s longest weekly winning streak since 2023.
Markets started the week on a down note, with concerns of persistent inflation stoking worries about Federal Reserve rate hikes. Since reports of movement on US-Iran talks picked up on Wednesday, however, investors have had reason to believe a primary source of rising prices could be resolved soon.
Stocks rebounded on Thursday after Secretary of State Marco Rubio and Iranian media signaled progress on negotiations between the US and Iran for a peace deal. However, clear sticking points remain.
