US Equity Indexes Rise Following Israel-Lebanon Ceasefire Agreement

MT Newswires Live04-17 00:47

US equity indexes rose in midday trading on Thursday after Israel and Lebanon agreed to a 10-day ceasefire, removing an obstacle to diplomacy in works to extend the Iran truce deal.

The Nasdaq Composite rose 0.6% to 24,148.1, with the S&P 500 up 0.4% to 7,049.2, and the Dow Jones Industrial Average higher by 0.2% to 48,566.5.

President Donald Trump said Thursday on Truth Social that Lebanon and Israel have agreed to a 10-day ceasefire starting 5 pm ET.

Iranian officials and Pakistan's army chief Asim Munir are meeting in Tehran on Thursday to discuss messages between Tehran and the Washington, CNN reported. The White House has expressed optimism about reaching a deal, noting that a potential second round of talks would likely be held in Pakistan, according to CNN.

US Defense Secretary Pete Hegseth said Thursday that the naval blockade of Iran is an example of "polite" behavior during the ongoing ceasefire, and US forces are ready to strike power plants and energy industry in the country, if ordered, according to a report from Reuters.

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