New Delhi, May 29 -- Major Wall Street stock indices advanced on Friday as financial markets reacted to shifting geopolitical dynamics and blockbuster tech earnings.

At the opening bell, the Dow Jones Industrial Average rose 104.9 points, or 0.21%, to 50,773.91. The S&P 500 rose 15.7 points, or 0.21%, to 7,579.33​, while the Nasdaq Composite rose 43.4 points, or 0.16%, to 26,960.84.

Investors are closely monitoring developments regarding a potential US-Iran peace deal following statements from Vice President JD Vance, who revealed that Washington and Tehran are nearing an agreement to extend their ceasefire in the ongoing Middle East conflict.

The conflict has heavily disrupted global trade due to Tehran's blockade of a critical ...