New York stocks opened higher on expectations of a U.S.-Iran cease-fire agreement.
As of 10:06 a.m. on the 29th Eastern time, the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) was up 155.30 points, or 0.31%, at 50,824.27. The Standard & Poor's (S&P) 500 index rose 31.72 points, or 0.42%, to 7,595.35, and the Nasdaq composite was up 153.60 points, or 0.57%, at 27,071.07.
According to the Guardian, U.S. President Donald Trump circulated a draft peace agreement to end the war with Iran to allies including Israel. Axios also said Trump is leaning toward approving the agreement, though he has not yet approved it.
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