Nasdaq rises 0.45% to record as U.S. stocks diverge on Iran talks

  • Nasdaq Composite rose 122.18 points, or 0.45%, to a record 27,244.28.
  • Brent crude fell 1.1% to $99.25, below $100 for the first time since the 8th.
  • U.S. and Iran held three hours of talks behind the scenes during the General Assembly.

U.S. stocks finished mixed on the 22nd as news of renewed U.S.-Iran talks during the United Nations General Assembly offset pressure from Federal Reserve officials favoring tighter policy. The Nasdaq Composite climbed 122.18 points, or 0.45%, to 27,244.28, setting a record for a second straight day. The S&P 500 slipped 0.6 point, or 0.0%, to 7,764.64, and the Dow Jones Industrial Average fell 185.14 points, or 0.36%, to 51,863.69. Oil prices declined as traders assigned greater weight to President Donald Trump's willingness to pursue dialogue, with Brent falling below $100 for the first time since the 8th. Boston Federal Reserve Bank President Susan Collins and Richmond Fed President Tom Barkin both emphasized persistent inflation risks and supported a more restrictive policy stance.

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