03:18 PM EDT, 07/10/2026 (MT Newswires) -- (Updates with index/price moves and geopolitical news from the first paragraph.)

US equity indexes rose amid a broad-based rally as crude oil extended declines after Washington replaced air strikes on Iran with diplomatic engagements.

The Nasdaq Composite edged up 0.3% to 26,277.4, with the Dow Jones Industrial Average up 0.3% to 52,663.4 and the S&P 500 higher by 0.4% to 7,571.1 ahead of Friday's close. All but two sectors, healthcare and energy, climbed intraday. Materials led the gainers.

The CBOE Volatility Index, also known as the fear gauge, dropped 3.5% to 15.26.

Talks between the US and Iran over a permanent peace deal are continuing, Bloomberg reported, citing an American official. The US is still committed to finding a diplomatic solution with Iran, the official told Bloomberg on Thursday. The official described the ongoing discussions as technical talks.

A diplomat told CNN that Qatari negotiators have traveled to Iran to meet officials there. Qatari mediators are in touch with US officials, including the special envoys, Jared Kushner and Steve Witkoff, Middle Eastern broadcaster Al Jazeera reported. US Vice President JD Vance is also involved in the talks, the Al Jazeera report said.

Iran had asked to continue talks, and the US had agreed, but the June ceasefire is "over," President Donald Trump said in a Truth Social post.

The front-month global benchmark North Sea Brent slipped 0.2% to $76.13 a barrel, while the US West Texas Intermediate retreated 0.7% to $71.59 a barrel, extending declines from Thursday.

In company news, SK Hynix (SKHY, SKHYV) jumped 13% after listing its American depositary receipts on Nasdaq, with trading volume exceeding 91 million.