Stock market today: Dow, S&P 500, Nasdaq futures waver as Iran officials reject negotiation

Contracts linked to the S&P 500 (ES=F) and the Dow Jones Industrial Average (YM=F) some fell 0.1%. While the Nasdaq 100 futures (NQ=F) fell beneath the flatline.

Markets roseate Monday aft President Trump said the US had engaged successful “very bully and productive” discussions with Iran aimed astatine resolving hostilities. However, Iranian authorities media pushed backmost connected the claim, stating that nary nonstop negotiations had taken place. Markets initially reacted enthusiastically, with the Dow (^DJI) astatine 1 constituent soaring much than 1,100 points intraday.

The developments followed a tense weekend, during which Trump warned of imaginable strikes connected Iranian vigor infrastructure if the Strait of Hormuz was not opened. Iran responded with threats targeting US assets, raising concerns astir further escalation.

Oil prices retreated sharply connected the quality of hostilities perchance winding down. West Texas Intermediate (CL=F) crude dropped astir 10% to settee adjacent $88 per barrel, portion Brent (BZ=F) crude fell adjacent to 11%, ending conscionable nether $100. Oil futures roseate somewhat successful precocious trading.

Looking forward, investors volition crook their attraction to upcoming US manufacturing information owed Tuesday morning, arsenic good arsenic eyeing the extremity of net season, with GameStop (GME) owed to study aft the close.

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