Two of the three main Wall Street indices edged lower in early trade on Monday, as stalled talks between the United States and Iran weighed on investor sentiments. The broader index, S&P 500, slipped 0.2% to 7,151.84 minutes after the opening bell.
The tech-heavy Nasdaq Composite edged 0.31% lower at 24,757.51. The Dow Jones Industrial Average, however, rose 100 points or 0.2% to 49,331.46 at 9:35 am EST.
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Among the large-cap majors, Tesla led the decline, with the stock falling 2.6% in early trade. Apple's scrip was down 1.06%, Meta Platforms ticked lower by 0.35%, and Amazon slipped 1.02%.
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However, Google-parent Alphabet and Microsoft were among the key gainers in the Magnificent Seven pack, with their scrips rising by 1.4% and 1.12%, respectively, in the first hour of trade.
In the currency market, the US dollar edged lower, with the Bloomberg Dollar Spot Index falling 0.2%. The slip came despite the rise in crude oil prices, which generally bolster the greenback. The 10-year Treasury yield rose by two basis points to 4.32%.
Within the crude basket, Brent futures continued to edge higher, trading at $101.71 a barrel at 10:15 am EST. The US West Taxes Intermediate futures were up 1.5% at $95.8 per barrel.
The bullion market stayed in red, with spot gold trading 0.3% lower at $4,695.09 an ounce at 10:18 am EST, whereas the US spot silver traded 0.5% lower at $75.32 an ounce.
(This is a developing story)
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