US stocks rise as Iran reviews Trump peace proposal
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US equity indexes advanced on Friday as President Donald Trump signaled patience with Iran's review of a US peace proposal. The S&P 500 gained 0.7%, while the Nasdaq rose 0.9%.
Market Rally
The S&P 500 closed at 5,342, up 0.7% on the day, while the Dow Jones Industrial Average added 0.5%. The tech-heavy Nasdaq Composite rose 0.9%, driven by gains in Apple and Microsoft. Trading volumes were 15% above the 30-day average, according to Bloomberg data.
Iran Talks
President Trump said at a White House press conference that he is 'open to giving Iran time' to study the US proposal, which reportedly includes sanctions relief in exchange for nuclear restrictions. Iran's Foreign Ministry confirmed receipt of the document and said a response would be issued 'in due course.' No deadline has been set.
What's Next
The UN Security Council is set to discuss the Iran proposal on Monday. It remains unclear whether Iran will accept the terms or seek further negotiations.
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US stocks rise as Iran reviews Trump peace proposal
