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Correction: US Equity Markets End Higher Monday as Crude Oil Falls on US-Iran's New Round of Talks

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(Corrects the direction of Microsoft's stock move in the sixth paragraph.)

US equity indexes ended higher Monday as crude oil prices fell after President Donald Trump said the US and Iran plan to start another round of talks.

* Trump said that the United States and Iran will hold new discussions Monday afternoon, calling off new strikes to allow for a deal following requests from allied countries. Trump later called the Iranian leadership "unbelievably duplicitous" for requesting peace talks and then saying "they're not having any discussions."

* The Institute for Supply Management's US manufacturing index rose to 55.6 in July from 53.3 in June, compared with expectations for 53.9 in a Bloomberg-compiled survey.

* The S&P Global US manufacturing index for July was revised upward to 53.9 from the flash reading of 53.8, compared with expectations for no revision in a survey compiled by Bloomberg.

* September West Texas Intermediate crude oil fell $4.52 to settle at $80.18 per barrel, while September Brent crude, the global benchmark, was last seen down $4.20 at $83.73.

* Microsoft (MSFT) shares were up 4.9%, among the best performers on Nasdaq and the Dow, after ArcelorMittal (MT) expanded its partnership with Microsoft to implement AI tools in its business processes. Separately, Microsoft is raising Xbox prices in the EU and the UK by up to 200 euros ($230.10) and 170 pounds ($228.33), respectively, The Verge reported.

* Marriott International (MAR) shares were down roughly 7%, among the worst performers on the Nasdaq and the S&P 500, after the company reported Q2 revenue below estimates amid headwinds from the Middle East conflict, and offered a downbeat Q3 earnings outlook.

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US Equity Markets End Higher as Crude Oil Falls on US-Iran's New Round of Talks

US equity indexes ended higher Monday as crude oil prices fell after President Donald Trump said the US and Iran plan to start another round of talks.* Trump said that the United States and Iran will hold new discussions Monday afternoon, calling off new strikes to allow for a deal following requests from allied countries. Trump later called the Iranian leadership "unbelievably duplicitous" for requesting peace talks and then saying "they're not having any discussions."* The Institute for Supply Management's US manufacturing index rose to 55.6 in July from 53.3 in June, compared with expectations for 53.9 in a Bloomberg-compiled survey.* The S&P Global US manufacturing index for July was revised upward to 53.9 from the flash reading of 53.8, compared with expectations for no revision in a survey compiled by Bloomberg.* September West Texas Intermediate crude oil fell $4.52 to settle at $80.18 per barrel, while September Brent crude, the global benchmark, was last seen down $4.20 at $83.73.* Microsoft (MSFT) shares were down about 4.9%, among the worst performers on Nasdaq and the Dow, after ArcelorMittal (MT) expanded its partnership with Microsoft to implement AI tools in its business processes. Separately, Microsoft is raising Xbox prices in the EU and the UK by up to 200 euros ($230.10) and 170 pounds ($228.33), respectively, The Verge reported.* Marriott International (MAR) shares were down roughly 7%, among the worst performers on the Nasdaq and the S&P 500, after the company reported Q2 revenue below estimates amid headwinds from the Middle East conflict, and offered a downbeat Q3 earnings outlook.

Dow JonesNasdaq CompositeS&P 500$MAR$MSFT$MT
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Update: US Equity Indexes Jump as Communication Services Rally While Crude Oil Slides With Treasury Yields

US equity indexes rose amid strong gains in communications services and a slide in government bond yields, coupled with a drop in crude oil futures, supporting President Donald Trump's version of the state of Iran peace negotiations.The Nasdaq Composite jumped 2.2% to 25,939.2, with the S&P 500 up 1.6% to 7,608.5 and the Dow Jones Industrial Average higher by 1.4% to 53,195.4 ahead of Monday's close.Communication services surged 4.6%, topping sector charts, followed by a rise in consumer discretionary and technology. Energy and consumer staples led decliners.President Donald Trump said his latest offer of talks is a "last chance" for Iran after he called off what he said was a major attack on the Islamic Republic, Bloomberg reported."I want to give them every last chance before decapitation," Trump told reporters in the Oval Office, according to Bloomberg. "You'll find out today or tomorrow. I mean, they're going to go quickly, one way or the other. It's not very complex."Iran's Foreign Ministry Spokesman Esmaeil Baghaei said no negotiations with the US were underway and no meetings were scheduled, Reuters reported.Oman and Iran have been negotiating over a new maritime route through the Strait of Hormuz, which borders both their territorial waters, Al Jazeera, a Middle Eastern broadcaster, reported. Sunday night, Iran's Foreign Minister Abbas Araghchi told the Iranian cabinet in a report that negotiations between Tehran and Muscat were "on the way to being finalized".The front-month US West Texas Intermediate crude oil slumped 5.2% to $80.26 a barrel, and global benchmark North Sea Brent dropped 4.6% to $83.85 a barrel.Most US Treasury yields declined, with the 10-year trading down 5.7 basis points to 4.69%, retreating from the 52-week high touched late last week. The two-year yield dropped 3.5 basis points to 4.26%.

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Update: Communication Services, Consumer Discretionary Lift US Equity Indexes in Midday Trading

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose amid strong gains in communications services, while a slide in government bond yields accompanied a drop in crude oil futures.The Nasdaq Composite jumped 1.9% to 25,851.3, with the S&P 500 up 1.2% to 7,581.1 and the Dow Jones Industrial Average higher by 1.1% to 53,038.6.In a social media post over the weekend, Trump said he canceled a planned attack against Iran after being asked by Tehran and other Middle Eastern countries to hold off because the "perimeters of a deal has been agreed to." The proposed deal would include the "immediate, complete, and total opening" of the Strait of Hormuz, Trump wrote.However, Iran's Foreign Ministry Spokesman Esmail Baghaei rejected Trump's claim, saying no negotiations with the US were underway and no meetings were scheduled, Reuters reported. Iran has no plans to host foreign delegations or send negotiators abroad in the coming days, the news report cited Baghaei as saying.Nevertheless, the front-month US West Texas Intermediate crude oil slumped 5.9% to $79.72 a barrel, and global benchmark North Sea Brent dropped 4.6% to $83.88 a barrel.Most US Treasury yields declined, with the 10-year trading down 5.9 basis points to 4.69%, retreating from the 52-week high touched late last week. The two-year yield dropped 3.5 basis points to 4.26%.Alibaba (BABA) said it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B.

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