U.S. stocks were mixed and oil prices stayed near flat ahead of planned U.S.-Iran talks
The Facts
- U.S. stocks were mixed or slightly lower on Friday ahead of planned U.S.-Iran talks.
- The S&P 500 fell about 0.1%, the Dow Jones Industrial Average fell about 0.6%, and the Nasdaq composite rose about 0.4% in Friday trading or by the close.
- Trading was choppy or volatile as investors looked ahead to high-level talks between U.S. and Iranian negotiators planned for Saturday in Pakistan.
- Oil prices were little changed or slightly lower ahead of the planned talks.
- Major U.S. stock indexes had been gaining ground recently on optimism that the war with Iran could be heading toward a resolution.
- The S&P 500 had erased most of its March losses and was roughly 2.3% below its all-time high set in January.
Context
Why were markets focused on U.S.-Iran talks?
Several reports said investors were watching planned weekend talks between U.S. and Iranian negotiators in Pakistan because markets have been reacting strongly to signs that the conflict might either ease or escalate after a shaky ceasefire Newsday,Los Angeles Times,CNA.
What role were oil prices playing in the market?
Sources described oil as a key driver for markets because changes in crude prices affect expectations for inflation and economic growth; on Friday, oil was roughly flat to slightly lower, offering little new direction for stocks Cash,Newsday,Boersen-Zeitung der….
View all 61 sources
Wire services (9)
Independent coverage (50)
About these frames
See this differently than someone you know would? Two ways to keep it going.
The dial works on any URL — paste an article you read elsewhere this week.