Key facts
- Oil prices declined amid progress in U.S.-Iran negotiations.
- Brent crude fell to $78.29 a barrel, and US benchmark crude to $74.14.
- US Vice President JD Vance indicated a positive foundation for a deal.
- The S&P 500 slipped 0.4%, the Nasdaq Composite fell 1.3%, and the Dow Jones Industrial Average rose 0.3% on Monday.
- The S&P 500 is 1.8% below its all-time high.
Wall Street indexes were subdued as investors weighed developments in U.S.-Iran negotiations. Oil prices declined as markets reacted to signs of progress in talks aimed at ending the conflict. Brent crude fell 2.8 percent to $78.29 a barrel, and US benchmark crude dropped 2.3 percent to $74.14. US Vice President JD Vance stated that talks held over the weekend had created a 'good foundation for a successful final deal,' easing concerns over potential disruptions to global energy supplies. On Wall Street, the S&P 500 slipped 0.4 percent, remaining 1.8 percent below its record high. The Nasdaq Composite fell 1.3 percent, while the Dow Jones Industrial Average rose 0.3 percent. The Russell 2000 index of smaller companies rose 0.8%. For the year, the S&P 500 is up 9.2%, the Dow is up 7.6%, the Nasdaq is up 12.6%, and the Russell 2000 is up 21.1%.