Stock market today: Dow slips, S&P 500 and Nasdaq retreat from records with Middle East peace talks at risk
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US stocks fell on Monday due to escalating US-Iran tensions, with the Nasdaq Composite leading losses. Investors will be watching earnings reports from major companies like Tesla and Intel in the coming days.
US stocks declined on Monday following a chaotic weekend that heightened US-Iran tensions, putting Middle East peace talks at risk. The Nasdaq Composite led the losses, dropping nearly 0.3%, while the S&P 500 and Dow Jones Industrial Average also fell. The tension escalation followed the US Navy seizing an Iranian ship and Iran firing at vessels and halting traffic in the Strait of Hormuz. Oil prices surged, with US benchmark West Texas Intermediate crude futures rising 5.2% to above $86 per barrel. Investors will be parsing earnings reports from major companies including Tesla, Intel, and United Airlines in the coming days.
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