The main Wall Street indices rose in early trade on Tuesday, as US President Donald Trump hinted at nearing a peace deal with Iran before the end of the ceasefire on Wednesday.
S&P 500 was up 0.3% at 7,130.9 in the early minutes of trade, whereas the tech-heavy Nasdaq Composite rose 0.28% to 24,474.28. The Dow Jones Industrial Average logged a sharper climb, rising 0.79% or 399 points to 49,831.79 at 9:53 am (EST).
Shortly before the markets opened, Trump told CNBC that he thinks "wel'll end up with a great deal with Iran". The comments come amid uncertainty over whether the Iranian delegation would come to Islamabad for the planned talks with their US counterparts.
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UnitedHealth was among the top performing stocks in early trade, with the scrip rising 7% on strong earnings report. The company's quarterly results surpassed the Wall Street's expectations. On the other hand, the major loser was Hims & Her, whose stock dwindled 10% at the open following Amazon's launch of a weight management program that comprises GLP-1 medications.
ALSO READ: Trump Believes 'Great Deal' With 'Blood Thirsty' Iran Likely, But Keeps Door Open To Bombings
Among the Magnificient Seven stocks, Amazon was the key gainer, rising 1.44% in the first hour of trade. Microsoft's scrip also edged higher, rising by 1.27%, whereas Meta Platforms was up 0.27%. Google-parent Alphabet rose by 0.41%, as of 10:05 am EST.
Meanwhile, the shares of Tesla, Nvidia and Apple were edging lower in early trade, down by up to 0.5%.
In the currency market, the dollar continued to gain strength. The Bloomberg Dollar Spot Index rose 0.1%, whereas the 10-year Treasury yield climbed by two basis points to 4.27%.
Oil prices traded flat after the US markets opened, with the benchmark Brent crude trading 0.1% higher at $95.58 a barrel, and the West Taxes Intermediate futures rising 0.3% to $87.7.
Bullion market was under pressure, as US spot gold traded 0.9% lower at $4,778.6 an ounce, and spot silver was down 1.3% at $78.7 per ounce.
ALSO READ: 'Negotiations Unacceptable': Peace Talks To Falter? Iran MP Calls Out US' 'Excessive Demands'
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