US Stocks Close Higher on Optimism Over US-Iran Ceasefire Extension

Despite differing views between the US and Iran on the progress of peace talks, investors are optimistic that the two countries will reach a ceasefire extension, and US stocks closed higher today. The Dow Jones Industrial Average rose 363.49 points, or 0.72%, to close at 51,032.46. The S&P 500 index rose 16.43 points, or 0.22%, to close at 7,580.06. The tech-heavy Nasdaq index rose 55.15 points, or 0.20%, to close at 26,972.62. The Philadelphia Semiconductor Index rose 0.239 points to close at 12,829.383.