Mumbai, July 22 -- The Nasdaq rose 78.52 points (0.4%) to 20,974.17 and the S&P 500 inched up 8.81 points (0.1%) to 6,305.60, although the narrower Dow edged down 19.12 points or less than a tenth of a percent to 44,323.07.

Wall Street rose on trade deal hopes as Lutnick expressed confidence in a US - EU agreement. He set August 1st as the tariff deadline. Gains faded later as traders awaited earnings from Alphabet, Tesla and Intel.

Conference Board released a report showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June. It's leading economic index declined by 0.3% in June following a revised unchanged reading in May.

Despite the pullback by the broad markets, gold stocks substa...