US stock futures slipped as investors weighed uncertainty over Iran talks alongside the latest developments in AI.<\/p>\n
Futures attached to the Dow Jones Industrial Average (YM=F)<\/a> and the benchmark S&P 500 (ES=F)<\/a> slipped 0.2%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F)<\/a> fell 0.3%.<\/p>\n After the closing bell, Alphabet (GOOG<\/a>) stock edged lower after the company said<\/a> it aims to raise $80 billion to realize its AI infrastructure plans. Hewlett Packard Enterprise (HPE<\/a>), meanwhile, reported a record quarter driven by AI data center expansion, sending its stock up more than 20%.<\/p>\n In day trading, stocks clinched records as President Trump intervened in a news cycle that was pointing to a breakdown in US-Iran negotiations, announcing<\/a> Israel and Hezbollah had agreed to stop attacks. Shortly after, the president added<\/a> that talks with Iran were continuing \u201cat a rapid pace.\u201d<\/p>\n On Tuesday, investors will get fresh insight into the health of the economy with the release of the Job Openings and Labor Turnover Survey (JOLTS) report. The JOLTS report is the first in a series of employment data releases this week that culminate with the May jobs report on Friday. Investors are looking for signs of economic strain amid rising prices, which could put the Federal Reserve in a difficult position on interest rates.<\/p>\n Earnings season also continues to wind down this week, with Palo Alto Networks (PANW<\/a>), Dollar General (DG<\/a>), Ulta Beauty (ULTA<\/a>), Victoria\u2019s Secret (VSCO<\/a>) scheduled to report their results Tuesday.<\/p>\n LIVE 1 update<\/p>\n Oil steady following May’s largest gain as US-Iran instability pushes prices higher <\/p>\n Bloomberg reports:<\/p>\n Oil steadied after its biggest gain in about a month, as uncertainty about the state of US-Iran peace talks raised the risk that energy flows from the Persian Gulf could be curtailed for longer.<\/p>\n West Texas Intermediate (CL=F<\/a>) traded near $92 a barrel, after adding more than 5% in the previous session, while Brent (BZ=F<\/a>) settled just under $95. Prices surged Monday on a report that Tehran was halting talks with Washington in protest of Israel\u2019s attacks in Lebanon, before paring after US President Donald Trump said the negotiations were continuing.<\/p>\n The US president said a memorandum of understanding with Iran to reopen the Strait of Hormuz could happen over the next week, according to a telephone conversation he had with ABC News. The US still had \u201cto get a few more points\u201d before a deal, he said.<\/p>\n The lack of clarity over the potential extension of the current ceasefire \u2014 and the future of energy flows through the Strait of Hormuz \u2014 has buffeted oil prices, which fell last month on optimism a deal could be reached. The report by Iran\u2019s semi-official Tasnim news agency also said that Tehran and its regional proxies have placed on their agenda the complete closure of Hormuz, as well as the Bab el-Mandeb Strait \u2014 a crucial alternative for oil exports.<\/p>\n