The major indexes are rallying on Friday.
Not by a lot, but any uptick counts
Oil prices retreated from recent highs on reports of potential diplomatic progress in the Middle East. The Dow Jones Industrial Average (DJINDICES: ^DJI) is up 0.7% at 11:46 a.m. ET, gaining roughly 310 points.
The S&P 500 (SNPINDEX: ^GSPC) has climbed 0.6%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) peeked 0.1% higher. All three indexes started the day lower, ranging from a 0.1% drop in the Nasdaq Composite to a 0.2% increase in the Dow. China and Pakistan step in and oil prices step down Brent crude is trading near $95 per barrel, down roughly 4% from Thursday’s close, after Reuters reported that Pakistan is exploring ways to broker new peace negotiations between the U.S. and Iran.