Oppenheimer raised its price target on NXP Semiconductors (NXPI.O) to $325 from $300.

Iran's health ministry spokesman said recent US military strikes on Iran have raised the death toll to 55 and the injured to 645.

European equities closed higher on July 24. Germany's DAX rose 396.05 points (1.60%) to 25,105.38; the UK's FTSE 100 gained 100.23 points (0.94%) to 10,739.40; France's CAC 40 added 73.19 points (0.88%) to 8,372.28; the Euro STOXX 50 climbed 71.98 points (1.16%) to 6,282.15; Spain's IBEX 35 jumped 322.83 points (1.68%) to 19,589.83; Italy's FTSE MIB advanced 495.16 points (0.96%) to 51,811.00.