Wall Street later traded mixed as oil retreated from the prior session’s $100 peak amid reports Pakistan and Iran were exploring a path to new talks with the U.S.
U.S. stock futures were little changed in early European trading as Brent crude slipped back below $100 a barrel, easing some of the immediate pressure that had rippled across global markets a day earlier. Later on Friday, U.S. stocks steadied and oil pulled back from the prior session’s $100-a-barrel peak on reports that Pakistan and Iran were exploring a path toward new talks with the U.S., giving investors some relief after a turbulent week. The Dow Jones Industrial Average rose 235.60 points, or 0.46%, to 51947.25, the S&P 500 gained 3.69 points, or 0.05%, to 7411.98, and the Nasdaq Composite fell 161.87 points, or 0.64%, to 24975.82. Treasury yields and the dollar had earlier retreated from Thursday’s highs, though both remained elevated, suggesting defensive positioning had eased but not fully unwound.