Stocks drifted to a mixed close on Wall Street and oil prices fell after the United States and Iran paused their attacks while work resumed on restarting negotiations to end their war.
The S&P 500 ended barely changed Monday, up less than 0.1 percent. The index is coming off two straight weekly losses. The Dow Jones Industrial Average rose 0.5 percent. The Nasdaq composite fell 0.2 percent, weighed down by a 5 percent drop in AI chip giant Nvidia.
After shooting as high as $102 a barrel last week, Brent crude fell 6.3 percent to settle at $85.87 per barrel. Treasury yields fell in the bond market.
On Monday:
The S&P 500 rose 1.20 points, or less than 0.1 percent, to 7,413.18.
The Dow Jones Industrial Average rose 262.83 points, or 0.5 percent, to 52,210.08.
The Nasdaq composite fell 43.74 points, or 0.2 percent, to 24,932.08.
The Russell 2000 index of smaller companies rose 18.04 points, or 0.6 percent, to 2,948.03.
For the year:
The S&P 500 is up 567.68 points, or 8.3 percent.
The Dow is up 4,146.79 points, or 8.6 percent.
The Nasdaq is up 1,690.09 points, or 7.3 percent.
The Russell 2000 is up 466.13 points, or 18.8 percent.
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