NEW YORK — Wall Street opened mixed Monday as investors closely monitored negotiations between the United States and Iran in Switzerland aimed at reaching a final agreement to resolve ongoing tensions between the two countries. Ten minutes into trading, the Dow Jones Industrial Average rose 241 points, or 0.47%, to 51,806. The S&P 500 gained […]
NEW YORK — Wall Street opened mixed Monday as investors closely monitored negotiations between the United States and Iran in Switzerland aimed at reaching a final agreement to resolve ongoing tensions between the two countries.
Ten minutes into trading, the Dow Jones Industrial Average rose 241 points, or 0.47%, to 51,806. The S&P 500 gained 0.26% to 7,520, while the Nasdaq Composite slipped 0.05% to 26,504.
U.S. Vice President JD Vance, speaking from Bürgenstock, Switzerland, said significant progress had been made during talks with Tehran over the weekend. Vance noted that the Strait of Hormuz remains open and that the International Atomic Energy Agency (IAEA) will be allowed access to Iran.
He also said negotiators had established a “very good foundation” for a final agreement.
Earlier Monday, mediators Pakistan and Qatar released a joint statement announcing the creation of a committee tasked with developing a roadmap toward a comprehensive agreement within 60 days.
In corporate news, chipmaker Micron was among the market’s top performers, gaining 3.43% ahead of its quarterly earnings report scheduled for release Wednesday.
Other technology-related companies faced pressure. SpaceX shares fell more than 7% in early trading.
Meanwhile, oil prices remained below $75 per barrel. West Texas Intermediate (WTI) crude futures for July delivery declined 2.31% to $74.83 shortly after the opening bell.
In other markets, gold fell 0.92% to $4,207 per ounce, while silver rose 0.39% to $66.57 per ounce. The yield on the 10-year U.S. Treasury note increased by 4.2 basis points to 4.502%.
Avelo Airlines will launch two new nonstop routes to the Rafael Hernández Airport in Aguadilla this November, a move the Puerto Rico Tourism Company (CTPR) says will strengthen visitor traffic and economic activity outside the San Juan metropolitan area. CTPR Executive Director Willianette Robles Cancel announced Wednesday that ticket sales have begun for flights from […]
MEXICO CITY — Mexico’s annual inflation rate slowed to 3.55% during the first half of June, down from 3.94% recorded in May, extending a downward trend after three consecutive months of increases, according to data released Wednesday by the National Institute of Statistics and Geography (INEGI). The consumer price index (CPI) declined 0.11% compared with […]
Puerto Rico is poised to dismantle and rebuild its permitting system under a sweeping substitute bill expected to advance this week, a far‑reaching overhaul that would fold more than 40 statutes into a new Planning and Permitting Code, reorganize key agencies, and sharply redefine how permits are reviewed, granted, and enforced. The measure, which merges […]
