US Stock Market Today | Dow Jones | Nasdaq Live: S&P 500 & Nasdaq rise on renewed hopes of talks with Iran; DOJ drops Powell's investigation
The S&P 500 and Nasdaq rose on Friday due to renewed hopes for U.S.-Iran negotiations, while the Dow Jones Industrial Average fell. U.S. Treasuries climbed, and gold rose, but was on track for its first weekly loss in five weeks.
U.S. stocks traded higher on Friday, with the S&P 500 up 0.26% to 7,127.21 and the Nasdaq Composite rising 0.77% to 24,627.28. The Dow Jones Industrial Average fell 169.56 points to 49,140.76. Renewed hopes for U.S.-Iran negotiations lifted sentiment. Iranian Foreign Minister Abbas Araqchi was expected to arrive in Islamabad for talks. The U.S. Justice Department closed its investigation into cost overruns at the Federal Reserve under Chair Jerome Powell. Deutsche Boerse CEO Stephan Leithner warned that 24/7 trading could damage markets by fragmenting liquidity. Nasdaq and CME are moving towards extended trading hours, but many banks and asset managers are opposed. Gold rose 0.7% to $4,724.19 per ounce, but was down more than 2% for the week.
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