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US Equity Markets Fall as Crude Oil Rises on Renewed Uncertainty Over Iran Talks
US equity indexes closed lower on Tuesday as crude oil prices climbed amid renewed uncertainty over stalled US-Iran peace talks.* President Donald Trump told CNBC that he expects the US and Iran to make a "great deal," referring to the proposed second round of talks in Islamabad that Iran has yet to confirm it will attend.* Iran has told regional mediators it would send a negotiating team to Islamabad on Tuesday, the Wall Street Journal reported.* US retail sales rose 1.7% in March, compared with February's revised 0.7% gain and above the 1.4% increase expected in a Bloomberg survey.* The National Association of Realtors said pending home sales rose 1.5% in March, above the 0.5% increase expected in a survey compiled by Bloomberg and following a 2.5% gain in February. Sales fell 1.1% from March 2025.* May West Texas Intermediate crude oil rose $3.93 to settle at $91.35 per barrel, while June Brent crude, the global benchmark, was last seen up $5.29 at $100.77.* Northern Trust (NTRS) shares rose 8%, the biggest gainer on the S&P 500, after the company reported higher Q1 earnings and revenue.* Tractor Supply (TSCO) shares fell 12%, the largest drop on the S&P, after the company reported Q1 results that missed market projections amid a below-average performance of its companion animal product business.
US Equity Indexes Fall as Vance's Trip to Pakistan on Hold Ahead of Iran Ceasefire Deadline
US equity indexes fell ahead of Tuesday's close as Vice President JD Vance's visit to Pakistan to negotiate a lasting peace deal with Iran has reportedly been put on hold.The Nasdaq Composite fell 0.3% to 24,332.2, with the S&P 500 down 0.4% to 7,083.5 and the Dow Jones Industrial Average lower by 0.4% to 49,247.5. All three gauges traded higher earlier in the session.Vice President JD Vance was set to leave this morning for Pakistan, the expected location for the next round of US-Iran talks, but his trip has been put on hold as he and other key officials gather at the White House, CNN reported.The US blockade of the Strait of Hormuz has contributed to the ongoing uncertainty surrounding a second round of talks, CNN cited sources as saying.US President Donald Trump reiterated that he doesn't want to extend his ceasefire deadline of Wednesday evening ET, adding that he expects "to be bombing" if a deal isn't reached, the news report added.West Texas Intermediate crude oil futures climbed 2.8% to $92.13, and Brent crude futures advanced 1.6% to $96.98.
US Equity Indexes Give Up Gains as Investors Await Fate of Iran Peace Talks
US equity indexes fell, giving up intraday gains, as crude oil futures gathered momentum in midday trading on Tuesday, with investors still awaiting confirmation from Iran that it will attend the second round of peace talks in Pakistan.The Nasdaq Composite slipped 0.1% to 24,380.8, with the S&P 500 down 0.2% to 7,097.6 and the Dow Jones Industrial Average lower by 0.2% to 49,337.5. All three gauges traded higher earlier in the session amid the flow of quarterly results.President Donald Trump told CNBC on Tuesday that he expects the US and Iran to make a "great deal," referring to the proposed second round of talks in Islamabad that Iran has yet to confirm it will attend. The president added, however, that the US military is "ready" to bomb Iran if a deal is not signed by the ceasefire deadline Wednesday evening and that he does not want to extend it.West Texas Intermediate crude oil futures climbed 4.3% to $93.50, and Brent crude futures advanced 2.8% to $98.17.In company news, UnitedHealth Group (UNH) raised its full-year earnings outlook on Tuesday, as the health insurance giant recorded an unexpected annual increase in its Q1 results. Shares jumped 7.6%, the top gainer on the S&P 500 and the Dow.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Shares advanced 7.1%, among the S&P 500's outperformers.