U.S. stock rise as Israel-Iran truce holds
U.S. stocks edged higher Thursday, with investors buoyed by the holding ceasefire between Israel and Iran even with data showing an economic slowdown.
At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average rose 190 points, or 0.4%, the S&P 500 index gained 24 points, or 0.4%, and the NASDAQ Composite climbed 65 points, or 0.3%.
The main averages on Wall Street ended in mixed fashion on Wednesday, pausing a two-day rally, as investors gauged a ceasefire between Israel and Iran and assessed testimony from Federal Reserve Chair Jerome Powell.
The three benchmark indexes are on pace for a positive week, and the benchmark S&P 500 less than 1% below its February record.
Source: Reuters