FINWIRES · TerminalLIVE
FINWIRES

US Equity Indexes Give Up Gains as Investors Await Fate of Iran Peace Talks

By

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.

Related Articles

Japan

US Equity Markets Fall After Iran Blocks Strait, Stalls Peace Talks; Crude Oil Jumps

US equity indexes closed lower on Monday after Iran closed the Strait of Hormuz again and refused to continue peace talks, claiming the US "did not fulfill their obligations," sending crude oil prices sharply higher.* The second round of US and Iran peace talks was planned to start in Islamabad on Monday, the Wall Street Journal reported. While Tehran hasn't publicly confirmed its participation, it has told regional mediators that it would send a team to negotiate, the report said.* President Donald Trump said he's not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war, Bloomberg reported.* May West Texas Intermediate crude oil rose $4.92 to settle at $88.77 per barrel, while June Brent crude, the global benchmark, was last seen up $4.67 at $95.05.* Alphabet's (GOOG, GOOGL) Google is negotiating with Marvell Technology (MRVL) to develop two new processors optimized for AI inference tasks, The Information reported. Marvell shares rose 5.8%, the second-biggest gain on the Nasdaq.* Norwegian Cruise Line Holdings (NCLH) shares fell 3.5%, the fourth-largest drop on the S&P 500, amid heightening tensions in the Middle East.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$MRVL$NCLH
Japan

US Equity Indexes Slip Amid Reports Iran Peace Negotiations to Enter Second Round

US equity indexes slipped ahead of Monday's close amid speculation that a second round of Iran talks will go ahead in Pakistan.The Nasdaq Composite fell 0.5% to 24,344.1, with the S&P 500 down 0.3% to 7,101.5, after breaking records late last week when President Donald Trump talked up the likelihood of an Iran peace deal before the end of the current, two-week ceasefire on Tuesday. The Dow Jones Industrial Average fell 0.1% to 49,378.5.The US and Iran plan to hold peace talks in Islamabad this week, The Wall Street Journal reported Monday. While Iran hasn't publicly confirmed that it would send representatives to the meetings in Pakistan, it has told regional mediators that it would send a team to negotiate, people familiar with the matter told the WSJ.Pakistan is confident it can get Iran to attend talks with the US, Reuters reported Monday, citing a senior Pakistani government official."We have received a positive signal from Iran," the source told Reuters, speaking on condition of anonymity. "Things are fluid, but we are trying that they should be here when we start the talks tomorrow or a day after."President Trump said he's not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to conclude a deal to end the war, Bloomberg reported Monday.

Dow JonesNasdaq CompositeS&P 500
Japan

US Equity Indexes Retreat From Records as Iran Peace Talks Hang in Balance

US equity indexes slipped, while crude oil futures rose amid high-stakes Middle East diplomacy to bring Iran back to the negotiating table in Pakistan for a second round of peace talks.The Nasdaq Composite fell 0.6% to 24,308.2, with the S&P 500 down 0.4% to 7,100.3, after breaking records last week when President Donald Trump talked up the likelihood of reaching an Iran peace deal before the end of the current, two-week ceasefire on Tuesday. The Dow Jones Industrial Average fell 0.3% to 49,284.5.Consumer discretionary, communication services, and technology led decliners intraday. Energy and materials were among the biggest gainers.West Texas Intermediate crude oil futures jumped 5.1% to $88.16, and Brent crude futures advanced 5% to $94.91.Vice President JD Vance and top US officials are expected to depart Tuesday for Islamabad, Pakistan, ahead of a potential second round of talks with Iran, CNN reported Monday, citing sources. Iran is considering attending peace talks, a senior official from the Middle East nation told Reuters on Monday, following moves by Islamabad to end a US blockade of Tehran's ports, a major hurdle for the country under threat of widespread attack to rejoin peace efforts.Trump said it's "highly unlikely" he would extend the two-week ceasefire with Iran if a deal is not reached before it ends, and said the Strait of Hormuz would remain blocked until an agreement is finalized, Bloomberg reported. The US president said in a Monday phone interview that the second round of talks with Iran is set to begin Tuesday.

Dow JonesNasdaq CompositeS&P 500