U.S. Stocks Fall as Iran Talks Stall, Yields Rise

U.S. stocks fell Monday as stalled U.S.-Iran negotiations and uncertainty over reopening the Strait of Hormuz pushed oil prices higher, reviving concerns about inflation and energy supply disruptions. The S&P 500, Nasdaq and Dow declined, while Treasury yields climbed sharply, with the 10-year yield nearing a two-decade high in one report. Higher energy costs and rising yields have strengthened expectations that the Federal Reserve may keep interest rates elevated or raise them further. President Donald Trump rejected Iran’s proposal, though mediators continued pursuing talks and further discussions were expected. Investors are watching upcoming U.S. economic reports and Micron’s earnings for clues on the economy and technology shares; Nvidia rose after announcing a major stock buyback.