Major indices climb in early trading, driven by hopes for diplomatic progress, though officials caution talks remain incomplete.
US stocks opened higher Friday, with the Dow gaining 340 points, the S&P 500 up 46 points, and the Nasdaq rising 152 points. Investors focused on potential progress in Iran negotiations, though Secretary of State Rubio tempered expectations, stating a deal is not yet finalized.
For the week, the Dow Industrial Average advanced 2.32%, the S&P 500 rose 1.18%, and the Nasdaq climbed 0.87%. Market attention now shifts to the University of Michigan’s final May consumer sentiment report, expected at 48.2, unchanged from the preliminary reading but below last month’s 49.8.
Trading remained cautious amid fluid developments, with no immediate market reaction reported beyond the early gains.