US Stocks Halt Five-Day Rally as Ceasefire Extension In Doubt
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks slipped on Monday as President Donald Trump said an extension to the ceasefire with Iran was unlikely.
The S&P 500 Index closed 0.2% lower in New York, snapping five-straight sessions of gains and stepping back from an all-time closing. The tech-heavy Nasdaq 100 Index fell 0.3%. Brent crude surged 5.3% to around $95 a barrel, while the Cboe Volatility Index hovered at 19.