Stocks fall, Brent back above $100 after reports of Iran-U.S. talks breakdown
Investors fear that the conflict in the Middle East will drag on as there is no progress in negotiations / Photo: X / NYSE
U.S. stocks fell, while the price of oil jumped more than 5% in trading on Tuesday, April 21. Hopes that the U.S. and Iran would reach a peace deal before the ceasefire expires on Wednesday are dissipating. Talks that were supposed to take place in Pakistan have stalled, according to media reports, with Iranian officials refusing to participate and US Vice President J.D. Vance postponing a planned trip.
Details
- The S&P 500 broad market index, the blue-chip Dow Jones Industrial Average and the tech-heavy Nasdaq Composite lost about 0.6% at the close of trading on April 21.
- The Russell 2000 index of small and mid-capitalization companies fell 1.2%.
- The VIX volatility index, which is referred to as Wall Street's fear indicator, has once again risen above the 20-point level. This is considered a psychologically important mark.
- Brent crude futures rose 5.6% to trade at $100.9 per barrel. North Korean WTI added 5.2% and cost almost $92 per barrel.
- Gold fell 2.7% to $4,699 an ounce.
The news is being updated
This article was AI-translated and verified by a human editor
