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US Equity Markets Mixed as Communication Services Stocks Fall, Bond Yields Move Up

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US equity indexes were mixed on Monday after communication services stocks saw steep declines and government bond yields moved higher.

* US Vice President JD Vance said Monday that Iran agreed to allow International Atomic Energy Agency inspectors into the country, according to media reports.

* The US issued a 60-day license allowing Iran to sell oil on the international market, Bloomberg reported Monday.

* July West Texas Intermediate crude oil fell $1.41 to settle at $75.19 per barrel, while August Brent crude, the global benchmark, was last seen down $2.27 at $78.30.

* Super Micro Computer (SMCI) shares were up roughly 15%, the top gainer on the S&P 500, after the company said it is launching a high-performance computing data center offering based on Nvidia's (NVDA) Vera Rubin NVL4 platform.

* Alphabet's (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Shares of Alphabet were down about 5%, one of the steepest decliners on the S&P 500 and the Nasdaq.

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