S&P 500 Futures Dip With No Iran Deal, Oil Steady: Markets Wrap

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(Bloomberg) — US equity-index futures edged lower and oil held gains as efforts to revive a peace deal with Iran showed little progress.

Contracts for the S&P 500 Index fell 0.3% and those for the Nasdaq 100 dropped 0.4% as conflicting signals clouded prospects for a deal. The Wall Street benchmarks both closed at record highs on Monday as President Donald Trump said talks with Iran are continuing at a rapid pace, with the market also rising on enthusiasm for the artificial-intelligence trade.

Futures contracts for Asian gauges were mixed after the MSCI Asia Pacific Index closed at an all-time high on Monday.

Weighing on sentiment was a rally in oil prices. US crude held near $92.30 a barrel after surging almost 5.5% in the previous session on reports that Tehran had suspended talks with Washington in protest over Israel’s attacks in Lebanon. The commodity pared some of those gains after Trump said talks were continuing.