Wall Street gains as investors monitor Iran peace talks, Estee Lauder jumps 11.5%, Zoom soars 15.5%
New Delhi, May 22 -- US equity indices rose on Friday as traders tracked potential peace deal between Washington and Tehran to conclude the nearly three-month-long Mideast war.
At the opening bell, the Dow Jones Industrial Average rose 149.0 points, or 0.30%, to 50,434.65. The S&P 500 rose 23.1 points, or 0.31%, to 7,468.82, while the Nasdaq Composite rose 88.5 points, or 0.34%, to 26,381.564.
Regarding regional movements, Pakistan's top general, Asim Munir, traveled to Tehran on Friday following widespread anticipation regarding a prospective accord between Iran and rhe US intended to resolve months of gridlock and global disruption, according to Iran's state-owned IRNA news agency.
This pressing deployment occurred directly af...
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