U.S. stocks rose at the close of Friday's trading, posting weekly gains supported by positive performance from several major technology companies and rising hopes of a détente between the United States and Iran after mutual strikes in the past few days.

Index

Index reading

Change in value

Change (%)

52,637.01

149.60

0.29 %

Week

Month

3 Months

6 Months

Year

3 Years

All

26,281.61

74.72

0.29 %

7,575.39

31.75

0.42 %

25,067.09

(51.18)

(0.20 %)

8,338.97

12.35

0.15 %

10,497.29

24.79

0.24 %

24,175.12

144.94

0.60 %

68,557.73

813.88

1.20 %

77,569.39

827.57

1.08 %

At the close, the Dow Jones Industrial Average rose 0.29%, or 149 points, to 52,637 points, but it fell 0.50% over the week.

The broader S&P 500 index gained 0.42%, or 31 points, to 7,575 points, and the Nasdaq Composite rose 0.29%, or 74 points, to 26,281 points, recording weekly gains of 1.23% and 1.73%, respectively.

In Europe, the Stoxx Europe 600 index settled at 641 points, posting a weekly loss of 1.79%.

While Germany's DAX fell 0.20% to 25,067 points, the UK's FTSE 100 rose 0.24% to 10,497 points, and France's CAC 40 gained 0.15% to 8,338 points.

In Japan, the Nikkei 225 rose 1.20% to 68,557 points, and the broader Topix increased 0.40% to 4,036 points.

Commodity

Price

Change in value

Change (%)

76.02

(0.32)

(0.42 %)

71.54

(0.53)

(0.74 %)

4,111.51

(11.84)

(0.29 %)

Regarding oil, Brent crude futures for September delivery fell 0.38%, or 29 cents, to $76.01 a barrel.

U.S. West Texas Intermediate (WTI) crude futures for August delivery declined 0.93%, or 67 cents, to $71.41 a barrel.

As for gold, gold futures for August delivery dropped 0.65%, or $27.10, to $4,113.70 an ounce.

What's behind market moves? Tech stocks, led by Nvidia and Meta, supported Wall Street's performance, while falling oil prices and increasing hopes of a resumption of talks between the U.S. and Iran boosted risk appetite, despite continued concerns over a potential slowdown in AI spending.