Stocks & Markets

US stocks close with gains amid hopes for continued US-Iran talks

North America / United States1 views1 min
US stocks close with gains amid hopes for continued US-Iran talks

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US stocks closed with gains on hopes for continued US-Iran talks, with the Dow Jones adding 0.66% and the Nasdaq composite rising 1.96%. The improved investor sentiment came after US President Donald Trump announced that Iranian officials were willing to work out a deal, potentially leading to a permanent end to the war that began on February 28.

The New York Stock Exchange closed with gains as investor sentiment improved on hopes for US-Iran talks. The Dow Jones added 0.66% to 48,535.99, while the Nasdaq composite rose 1.96% to 23,639.08. The S&P 500 increased 1.18% to 6,967.38. The Volatility Index dropped 3.97% to 18.36. US President Donald Trump said Iranian officials were willing to work out a deal, potentially leading to a permanent end to the war. Oil prices plunged, with US West Texas Intermediate futures dropping 6.9% to $92.20 a barrel. European stocks also saw sharp increases, with the pan-European Stoxx Europe 600 index rising 0.99%.

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