Wall Street ends mixed ahead of US-Iran talks
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Wall Street stocks rose sharply over the week, with all three major US indices advancing by more than three percent, while oil prices fell by approximately 13 percent. The US and Iran are set to hold ceasefire talks in Islamabad, which will cover Iran's nuclear enrichment and the free flow of oil through the Strait of Hormuz.
Wall Street stocks ended the week with gains, despite a mixed closing on Friday. The Dow Jones shed 0.6 percent, the Nasdaq gained 0.4 percent, and the S&P 500 index was flat. Oil prices retreated by 13 percent for the week. The US and Iran will hold ceasefire talks in Islamabad, discussing Iran's nuclear enrichment and oil flow through the Strait of Hormuz. US inflation rose sharply in March, with prices up 3.3 percent from a year earlier. The US economy remains on a solid trajectory, according to the White House.
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