The three major indexes on Wall Street opened mixed as hopes for a U.S.-Iran deal revived.
As of 9:46 a.m. on the 11th (local time), the Dow Jones Industrial Average on the New York Stock Exchange was up 178.16 points, or 0.33%, at 54,154.14. The Standard & Poor's (S&P) 500 index rose 1.24 points, or 0.02%, to 7,754.35 from the previous session, while the Nasdaq composite fell 69.73 points, or 0.26%, to 26,535.63.
As expectations for a U.S.-Iran deal reignited, oil prices fell and investor sentiment improved. On the day, Khawaja Asif, Pakistan Minister of National Defense, said regarding a U.S.-Iran deal, "Judging by the signals over the past two to three days, we are close to some sort of arrangement."
By sector, utilities and health care were strong, while communications and real estate were weak. Riot Platforms, a major U.S. coin mining company, rose 10.93%. The move followed news that Riot Platforms signed a $9 billion deal with Anthropic. Earnings also topped expectations. Riot Platforms' second-quarter revenue came in at $174.2 million, beating the market estimate of $154.3 million.
First Solar, a solar panel maker, rose 1.81% after Baird upgraded its investment rating to outperform from neutral. Baird also set a price target of $318. It projected roughly 30% upside from the current price. Rocket Lab fell 4.58% as the first flight of its Neutron rocket was expected to be delayed.
European stocks were higher. The Euro Stoxx 50 index was up 0.55% from the previous session at 6,571.82 in ongoing trade. France's CAC 40 and Britain's FTSE 100 each rose 0.06% and 0.03%, while Germany's DAX added 0.37%.
International oil prices pointed lower. At the same time, the front-month West Texas Intermediate (WTI) contract for September 2026 delivery was down 0.24% from the previous session at $81.93 a barrel.