Stocks, Bonds Extend Losses as Oil Climbs on Iran: Markets Wrap

Stocks extended their slide as the US and Iran remained deadlocked over ending nearly three months of conflict, pulling global equities further from record highs reached during the artificial intelligence-driven rally. Oil rose and Treasuries fell.

Asian shares slipped 0.2% on Monday. Futures on the S&P 500 Index fell 0.5% and those for the Nasdaq 100 Index dropped 0.8% after the underlying gauges declined more than 1% on Friday as inflation concerns sent bond yields sharply higher. The dollar, the haven of choice during the Middle East conflict, held its gains after its best week since early March.