US stocks were mixed early Monday as investors eyed US-Iran peace talks and Nvidia’s (NVDA) new laptop chip as markets faltered after reaching record highs in May.
The Dow Jones Industrial Average (^DJI) fell 0.2%. The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) wavered near the flat line as announcements from the Computex Taipei conference boosted tech stocks, offsetting weakness elsewhere.
Markets entered June weighing conflicting signals on an interim Middle East peace deal awaiting President Trump’s approval. On Monday, Trump posted on Truth Social that “it will all work out well,” even after the US and Iran traded fire over the weekend.
A report Monday morning from Iran’s semi-official news agency Tasnim that Iran suspended talks with the US over Israel’s actions in Lebanon and Gaza added to uncertainty around the deal and helped push oil prices higher.
US benchmark West Texas Intermediate (CL=F) crude rose 6% to $92 a barrel, while Brent (BZ=F) crude gained 5% to $95. Despite the rebound, WTI logged its biggest monthly decline since April 2025, falling nearly 17% in May.