This post was originally published on this site.The major U.S. stock indices closed mixed, but the technology-heavy Nasdaq indices continued to outperform. Both the Nasdaq Composite and Nasdaq 100 finished at record closing levels, while the S&P 500 ended virtually unchanged and the Dow declined. Hopes for progress toward ending the war with Iran helped support sentiment and pushed crude oil modestly lower. President Trump expressed optimism that negotiators Steve Witkoff and Jared Kushner could reach an agreement, including the renewed flow of oil through the Strait of Hormuz. However, the diplomatic situation remains fluid. Reports said the U.S.-Iran meeting...

This post was originally published on this site. Recap: US and Iran meet in New York on UNGA sidelines, Hormuz conditions on the table Trump and Bessent talk about a diesel export ban. Also says spoke with Iran for 3 hours Fed’s Barkin says he thinks the hiking cycle could be like the Greenspan “mid-cycle adjustment” US treasury sells $69 billion of two-year notes at a high yield of 4.787% Richmond Fed’s Barkin says inflation risks outweighed employment risks in last week’s rate hike Trump: I believe we will make a deal with Iran right after US election Fed’s Williams...