U.S. stock futures were little changed Monday as investors tracked developments in the U.S.-Iran peace negotiations.
Nasdaq-100 futures were nearly unchanged, while S&P 500 futures edged down 0.1%
Futures on the Dow Jones Industrial Average were off roughly 29 points, a decline of 0.1%. A joint announcement from mediators Qatar and Pakistan that Washington and Tehran had settled on a 60-day framework for reaching a final agreement sent oil prices lower, according to CNBC. Brent crude fell 1.7% to around $79.20 a barrel.
WTI crude, which had surged as much as 3% in overnight trading, reversed course and was last down roughly 0.8% at $76 a barrel. The weekend talks got off to a rough start. Hezbollah-related tensions in Lebanon prompted Tehran to announce a closure of the Strait of Hormuz on Saturday, and Trump responded with threats targeting Iran, throwing the early rounds of negotiation into disarray, according to The Wall Street Journal.