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FR
Stocks mostly rise tracking earnings, US-Iran hopes
['Afp News', 'Wed', 'August At Pm Gmt', 'Min Read']
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After pushing strongly ahead in early trading on Wall Street, momentum weakened for major US indices, with the tech-rich Nasdaq and broad-based S&P 500 finishing lower.
The Dow still mustered a 0.5 percent gain, lifting it to a third straight record close.
Oil prices also finished mixed as markets tried to parse the latest developments regarding a potential reopening of the Strait of Hormuz.
Oil prices had fallen sharply on both Monday and Tuesday as Trump administration officials said they were close to an accord with Iran that would reopen the Hormuz Strait.
Earlier, Asian equities benefited from a recent revival in technology stocks after a month-long rout, tracking gains on Wall Street Tuesday that sent both the Dow and the S&P 500 to new records.