Stocks on Wall Street continued to rise amid reports of U.S.-Iran deal talks

The main U.S. stock indices after the best month since 2020 opened on Ma 1 in the positive zone. This, among other things, was facilitated by reports that Iran and the U.S. through mediators continue dialog on a possible peace agreement, Bloomberg writes. That Tehran has conveyed a response to Washington about a plan to end the war, a Middle East source confirmed to Axious on May 1.

Against this background, the broad index of American stocks S&P 500 at the beginning of the trading day on Ma 1 jumped by 0.7% to 7261.42 points - a new record high. Also at a historic peak is the tech-heavy Nasdaq Composite, adding 0.9%. The Dow Jones blue-chip index is up 0.53%. The Russell 2000 index of small and mid-capitalization companies loses a symbolic 0.03%.

Meanwhile, Brent crude oil for July delivery is falling more than 1% to $109.12 per barrel. It reached $112.45 at an intraday high on Ma. 1. Contracts for U.S. WTI are down more than 3% at $101.9 per barrel.

The VIX Volatility Index, also known as the "Wall Street Fear Index" - down almost 2% - is at 16.58. Anything above 20 is considered to indicate increased volatility in the market, which the VIX signaled for almost a month after the war began, but then - began to indicate a détente in the market.

Spot gold adds 0.88% and trades at $4658.58 per ounce. Silver is up 4.18% to $76.83.

Investor confidence in the strong financial results of major U.S. companies overshadowed the risks associated with oil, writes Reuters.

"Today is the first day of the month, weekly options expire, and investors are analyzing big earnings reports, so I expect to see some show before the market closes," noted First New York portfolio manager and macro trader Vikram Rai (quoted by Bloomberg).

The material is supplemented

This article was AI-translated and verified by a human editor