S&P 500 Pulls Back from Record as Investors Monitor Oil and U.S.–Iran Talks
The S&P 500 retreated on Thursday after reaching a fresh intraday record high, as oil prices rebounded from earlier losses and investors closely monitored developments in negotiations between the United States and Iran.
The broad market index slipped 0.38%, weighed down by declines in Amazon and semiconductor stocks such as Broadcom and Micron Technology. The Nasdaq Composite edged lower by 0.13% after also hitting a new all-time high earlier in the session. Meanwhile, the Dow Jones Industrial Average dropped 313.62 points, or 0.63%.
Oil prices recovered from earlier sharp declines but still closed lower overall. U.S. West Texas Intermediate (WTI) crude futures settled down 0.28% at $94.81 per barrel, while international benchmark Brent crude fell 1.19% to close at $100.06 per barrel.
In the previous session, stocks had rallied and oil prices cooled following reports that Washington and Tehran were nearing an agreement to end the war. The White House is reportedly working on a one-page memorandum of understanding outlining key points not only to halt the conflict but also to establish a framework for more detailed nuclear negotiations.
Market sentiment has since turned more cautious, with investors awaiting clearer signals on diplomatic progress and its potential impact on global energy stability and broader risk appetite in financial markets.
Source : Newsmaker.id
