Mumbai, July 29 -- The Nasdaq rose 70.27 points or 0.3% to 21,178.58 and the S&P 500 inched up 1.13 points or less than a tenth of% to 6,389.77, while the narrower Dow edged down 64.36 points or 0.1% to 44,837.56.

Wall Street opened strong following news of a last-minute trade agreement between the U.S. and the European Union, along with hopes of a 90-day extension to the U.S.-China tariff truce. The deal features reduced tariffs and major EU commitments to U.S. energy and investment. However, investor enthusiasm is tempered by caution ahead of the Federal Reserve's upcoming policy announcement.

The Labor Department's monthly jobs report is also likely to be in focus in the coming days along with earnings news from Magnificent Seven mem...