US Equity Markets End Higher Amid Broad Rally, US-Iran Diplomatic Progress

MT Newswires Live04:01

US equity indexes closed higher Friday amid a broad-based rally after the US and Iran displayed progress in resolving the conflict diplomatically.

* Talks between the US and Iran over a permanent peace deal are continuing, Bloomberg reported, citing an American official. The US is still committed to finding a diplomatic solution with Iran, the official told Bloomberg on Thursday.

* Meanwhile, President Trump said Tehran and the US agreed to continue talks, but he communicated to Iran that the ceasefire is "over," Al Jazeera reported, citing a social media post from the president.

* August West Texas Intermediate crude oil fell $0.46 to settle at $71.62 per barrel, while September Brent crude, the global benchmark, was last seen down $0.22 at $76.08.

* Meta Platforms (META) shares were up about 5.8%, the top gainer on the S&P 500 and the Nasdaq, after a Bloomberg report, citing CEO Mark Zuckerberg, said the company is considering renting out some of its artificial intelligence compute as demand for AI infrastructure surges.

* Netflix (NFLX) is in early talks to buy film-focused social platform Letterboxd, which has been exploring a sale, Variety reported Friday, citing an earlier Puck report. Shares were down about 2.9%, among the worst performers on the S&P 500.

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