Traders work on the floor of the New York Stock Exchange. <\/p>\n
NYSE<\/p>\n
The S&P 500<\/a> fell on Monday, while oil prices rose, as investors weighed tensions in the Middle East.<\/p>\n The broad market index fell 0.52% to end at 7,745.06, while the Nasdaq Composite<\/a> moved 0.32% lower to 26,644.91. The Dow Jones Industrial Average<\/a> shed 272.63 points, or 0.51%, to close at 53,459.78.<\/p>\n Eyes were focused on the conflict in the Middle East, with the ceasefire between the U.S. and Iran expiring Monday as negotiations between the two sides have stalled. Iran has ruled out talks to extend the memorandum of understanding, state news agency Tasnim has reported.<\/p>\n A senior Iranian official told Reuters Monday that the country would shift to an offensive posture<\/a> if diplomacy with the U.S. fails, while President\u00a0Donald Trump<\/a>\u00a0told Fox News Monday that the U.S. would bomb Oman if it “gets in the way<\/a>.”<\/p>\n Oil prices were higher following the developments. U.S. West Texas Intermediate futures<\/a> rose 2.6% to $84.50 per barrel, while international benchmark Brent crude futures<\/a> were higher by 2.7% at $90.87 a barrel.<\/p>\n The 30-year Treasury<\/a> yield hit its highest level since June 2007<\/a> as oil prices advanced.<\/p>\n “We’re back to watching the negotiations in real time, and I think a lot of people have just turned a blind eye to it,” said Jason Stephens, Evertern Wealth founder. “We think that there’s more bias to the downside in oil prices than there is the risk to the upside at this point in the game” due to the prospect of a deal being reached, especially as the midterm elections draw closer, he said.<\/p>\n “There’s a lot of pressure on the administration right now to really focus heavily on this and get something done,” Stephens added.<\/p>\n Micron Technology<\/a> was a bright spot in the session, however, as shares gained 4%. Last week, Commerce Secretary Howard Lutnick told The Wall Street Journal that the Trump administration is not in support of<\/a> Apple<\/a> buying memory chips from China. Bloomberg News also reported that Anthropic’s<\/a> second-quarter revenue was more than $11.5 billion<\/a> \u2014 a massive jump from a year earlier.<\/p>\n The S&P 500 notched a fresh all-time high last week following a blockbuster earnings season that’s buoyed investor sentiment. The stock market has continued to climb in the face of ongoing hostilities in the Middle East.<\/p>\n Investors are in for a week with fewer catalysts on the calendar, though the Federal Reserve posts its latest meeting minutes Wednesday. A slew of retail earnings are on tap as well, with Walmart<\/a> results due out Thursday. Home Depot<\/a> and Lowe’s<\/a> report Tuesday and Wednesday, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor of the New York Stock Exchange. NYSE The S&P 500 fell on Monday,…\n","protected":false},"author":2,"featured_media":253479,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[65753,32878,65521,3802,1406,2720,1648,157,581,135,2803,262,160,38,575,573,203,16112,12862,22718,45283,122,1299,1063,34,3803,389,22720,207,4555,577,572,12863,579,12868,576,574,58102,23331,37605,570,3545,16347,51,9209,699],"class_list":["post-253478","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-cl26u","tag-lco26v","tag-lco27f","tag-advanced-micro-devices-inc","tag-anthropic","tag-apple-inc","tag-australia","tag-breaking-news-markets","tag-broadcom-inc","tag-business-news","tag-chicago","tag-china","tag-donald-j-trump","tag-donald-trump","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-economic-events","tag-energy-select-sector-spdr-fund","tag-hang-seng-index","tag-home-depot-inc","tag-howard-lutnick","tag-ice-brent-crude-oct25","tag-intel-corp","tag-invesco-qqq-trust","tag-iran","tag-ishares-semiconductor-etf","tag-japan","tag-lowes-companies-inc","tag-markets","tag-micron-technology-inc","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-nikkei-225-index","tag-nvidia-corp","tag-osaka","tag-sp-500-fut-sep25","tag-sp-500-index","tag-spdr-dow-jones-industrial-average-etf-trust","tag-spdr-sp-500-etf-trust","tag-spdr-sp-retail-etf","tag-stock-markets","tag-suppress-zephr","tag-u-s-30-year-treasury","tag-united-states","tag-walmart-inc","tag-wti-crude-sep25"],"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/253478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=253478"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/253478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/253479"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=253478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=253478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=253478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}