Crude oil and equities showed caution as conflicting reports emerged regarding US-Iran ceasefire talks. While the US insists negotiations are ongoing, Iran has rejected President Trump’s outreach, leading to market volatility. Investors await clearer outcomes amid ongoing troop deployments and differing demands for a truce.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.