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FILE - A person stands in front of an electronic stock board showing Japan's Nikkei index, seen through the glass wall of an office building in Tokyo, May 7, 2026.

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Global shares gain and oil prices fall after Trump says talks on ending the war are proceeding

Global shares gain and oil prices fall after Trump says talks on ending the war are proceeding

Global shares are mostly higher and oil prices have dropped after U.S. President Donald Trump said talks on ending the war with Iran are progressing. U.S. futures jumped, though markets will be closed Monday in the U.S. for the Memorial Day holiday. Trading was closed in South Korea and Hong Kong to celebrate Buddha's birthday. Trump said negotiations on the war were “proceeding in an orderly and constructive manner.” Officials told The Associated Press that the United States is close to reaching a deal with Iran that would end the war and reopen the Strait of Hormuz. On Friday, the S&P 500 added 0.4% and the Dow industrials climbed 0.6%. The Nasdaq composite gained 0.2%.