Wall Street Steadies as Iran Concerns Loom

Wall Street's key indices halted their advance on Monday amid resurfacing concerns over stalled U.S.-Iran negotiations, which have affected investor risk appetite. President Trump's outright dismissal of Iran's response to his peace proposal has reignited fears, contributing to a near 3% surge in crude oil prices.

However, recent increases in oil prices have not significantly hindered the broader market's momentum. On Friday, the S&P 500 and Nasdaq closed at all-time highs, bolstered by strong corporate earnings, optimism around semiconductor companies, and a positive monthly payroll report highlighting economic resilience. Both indices achieved fresh records on Monday, building on last session's gains.

Looking ahead, market resilience could face a test as earnings season concludes and investors shift focus to Tuesday's consumer price index data, anticipated to reveal a rise in inflation influenced by Middle East conflicts. Meanwhile, producer prices and retail sales data are expected later this week, further steering investor attention.

(With inputs from agencies.)