Update: US Equity Indexes Mixed in Midday Trading While Crude Oil Extends Declines

MT Newswires Live07-10 23:59

(Updates with index/price moves and company/geopolitical news from the first paragraph.)

US equity indexes traded mixed on a data-light Friday, while crude oil fell as Washington said it remains committed to finding a diplomatic solution for Iran.

The Nasdaq Composite was little changed at 26,203.7 after midday. The Dow Jones Industrial Average rose 0.2% to 52,609.9, and the S&P 500 edged up 0.1% to 7,553.7.

All but three sectors, health care, technology, and real estate, advanced intraday. Materials led the gainers.

Talks between the US and Iran over a permanent peace deal are continuing, Bloomberg reported, citing an American official, despite two days of clashes that threatened to shatter a ceasefire. The US is still committed to finding a diplomatic solution with Iran, the official told Bloomberg on Thursday. The official described the ongoing discussions as technical talks.

The front-month global benchmark North Sea Brent retreated 0.9% to $75.59 a barrel, while the US West Texas Intermediate dropped 1.3% to $71.14 a barrel, extending declines from Thursday.

In company news, SK Hynix (SKHY, SKHYV) said Friday that it has listed its American depositary receipts on Nasdaq. The company said in a regulatory filing Friday that it is offering 177.9 million American depositary shares at $149 apiece, potentially raising total proceeds of $26.51 billion.

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