Wall Street Futures Subdued as US-Iran Peace Talks Stall
U.S. stock futures traded flat on Monday as investors reacted to stalled diplomatic negotiations between Washington and Tehran. Rising crude prices and upcoming inflation data weighed on sentiment following last week's record highs for the S&P 500 and Nasdaq.
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United States equity futures declined modestly on Monday morning as stalled peace talks with Iran pushed crude prices 3% higher. Dow E-minis fell 56 points (0.11%), S&P 500 E-minis dropped 4 points (0.05%), and Nasdaq 100 E-minis rose 13.25 points (0.05%). The pause follows record closes for the S&P 500 and Nasdaq 100 on Friday. Investors are weighing whether energy-driven inflation will disrupt the momentum from a stronger-than-expected first-quarter earnings season.
