Wall Street stock indexes edged up, oil prices tumbled and the dollar's safe haven appeal waned on Tuesday as investors looked past a U.S. blockade on Iran's ports to the prospect of an
Wall Street stock indexes edged up, oil prices tumbled and the dollar's safe haven appeal waned on Tuesday as investors looked past a U.S. blockade on Iran's ports to the prospect of an eventual resolution to the conflict.
Negotiating teams from the U.S. and Iran could return to Islamabad this week, four sources said, days after talks - held at the highest level between the two sides since the 1979 Islamic Revolution - ended in the Pakistani capital without a breakthrough.
U.S. President Donald Trump said Iran wants to make a deal, but added he would not agree to any outcome that allows Tehran to have a nuclear weapon.
The Dow Jones Industrial Average rose 0.47% to 48,448.92, the S&P 500 rose 0.58%, to 6,926.50 and the Nasdaq Composite rose 0.98%, to 23,411.15.
"Investors seem to be buying into the notion that it may take a while, but there is an off-ramp in the future to this war," said Art Hogan, chief market strategist at B Riley Wealth.
Gains in big tech stocks have helped push the S&P 500 back to pre-war levels. Europe's STOXX 600 has recovered ground and was last up 0.96% on the day, but is still
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