US stocks rise as dip buyers return amid ceasefire hopes
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US stocks rose despite weaker-than-expected economic data, as investors focused on signs of a potential diplomatic push toward a ceasefire in the Iran war. The S&P 500 Index and Nasdaq 100 both saw gains, with the S&P 500 rising 0.4% and the Nasdaq 100 advancing 0.7%.
US equities extended gains as investors focused on a potential ceasefire in the Iran war. The S&P 500 Index rose 0.4% and the Nasdaq 100 advanced 0.7%. Weaker-than-expected economic data did not deter investors. The gains came as of 10:27 a.m. in New York. Investors are watching for signs of a diplomatic push toward a ceasefire. The market is reacting to the possibility of a peaceful resolution.
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