S&P 500 and Nasdaq rise today; oil weakens after US-Iran agreement.
- S&P 500 rises on progress in US-Iran negotiations.
- Bitcoin falls today while US stock markets advance.
- Brent crude oil reduces gains after tensions in the Middle East.
US stock markets were trading higher on Thursday (28), with investors reacting to news of a possible breakthrough in diplomatic negotiations between the US and Iran. The movement helped the main US indices recover some of the losses recorded at the start of trading, while oil reduced the gains seen earlier.
The S&P 500 index was up 0,50%, at 7.558,12 points. The Dow Jones Industrial Average was up slightly by 0,05%, at 50.669,17 points, while the Nasdaq Composite rose 0,67%, trading at 26.854,50 points.
The Russell 2000, which tracks smaller-cap companies in the United States, was also trading higher, up 0,57% at 2.936,60 points. Meanwhile, the VIX index, known as a measure of market volatility in the US, fell 2,09% to 15,95 points, indicating reduced tension among investors.
The market reacted positively after reports that US and Iranian negotiators reached a preliminary understanding for a 60-day memorandum. The potential agreement still depends on the approval of the current US president, Donald Trump.
The news gained relevance after new military clashes near the Strait of Hormuz on Wednesday. Even with the continued tensions in the region, investors began to bet on a possible reduction in the risks of disruption to the global oil supply.
In the commodities market, Brent crude oil was trading at $93,07 per barrel, up 0,89%, reducing the gains recorded in the early hours of trading.
Gold was also trading higher, advancing 0,64% to 4.510,30 points, reflecting the search for assets considered safer amid geopolitical uncertainties.
While Wall Street maintained its positive movement, Bitcoin remained under pressure today. The largest cryptocurrency on the market fell 3,16%, trading at US$72.814,99, reflecting increased caution among investors.
Technology stocks continued to be among the day's highlights. Snowflake, Marvell, and HP released quarterly results that exceeded expectations, reinforcing market interest in the artificial intelligence sector.
Snowflake attracted attention after announcing a $6 billion deal with Amazon Web Services. The company's shares surged more than 30% during trading.
Economic data released on Thursday also remained on the radar. The Personal Consumption Expenditures (PCE) index, the Federal Reserve's preferred inflation indicator, rose 0,4% in April, a result slightly below market projections.
In addition, initial jobless claims in the United States rose to 215 last week, up from the revised reading of 210 previously recorded.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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