Stocks fell Monday alongside a jump in bond yields and erratic oil trading as geopolitical upheaval remained front and center for traders.
\n\nThe S&P 500 fell 0.5% and the Nasdaq Composite dropped 0.6% as oil prices rose slightly, pushing Brent crude oil back above $105 per barrel.
\n\nEarlier in the day, Brent rose beyond $108, but that spike higher was halted after reports said that mediators planned to meet with U.S. and Iranian officials separately to discuss the ongoing stalemate between the two sides over the war with Iran. Iran’s semiofficial ISNA news agency downplayed the significance of the meetings, saying that Iran’s foreign minister, Abbas Araghchi, would attend talks with mediators but that no U.S. representatives would be present.
\n\nOther reports throughout the day that said Trump was open to offering Iran economic concessions in order to reboot talks and reach a deal also took some of the heat off oil prices. NBC News has not confirmed these reports.
\n\nOver the weekend, President Donald Trump said he had rejected a recent proposal from Iran to reopen the Strait of Hormuz, through which critical energy supplies flowed before the war.
\n\n“They want to make a deal, and I think that’s…
Original source: https://www.nbcnews.com/health