Oil prices steady and Wall Street edges higher with US-Iran talks in doubt
AP News • • business
Key Points:
- U.S. stock futures rose modestly with the S&P 500 up 0.4%, Dow Jones futures up 0.6%, and Nasdaq futures up 0.4%, amid uncertainty over U.S.-Iran talks aimed at ending the ongoing war.
- Oil prices were mostly flat, with U.S. crude down slightly to $87.28 per barrel and Brent crude at $95.01, as disruptions from the Iran conflict continue to impact shipments through the Strait of Hormuz.
- Iran’s chief negotiator rejected talks under threat conditions, while President Trump signaled plans to send a negotiating team to Islamabad but expressed skepticism about renewing the ceasefire before it expires.
- Apple announced CEO Tim Cook will step down on Sept. 1, succeeded by John Ternus, while UnitedHealth Group shares surged over 7% after strong quarterly results and an improved profit outlook.
- Markets also focused on Kevin Warsh’s Senate Banking Committee hearing for Federal Reserve Chair nomination, amid scrutiny over his financial holdings, while European and Asian markets showed mostly positive gains.
