International Oil Prices Rise...
Brent Crude Surpasses $107

[New York Stock Exchange] Ceasefire Talks Deadlocked... All Major Indexes Open Lower View original image

As ceasefire negotiations between the United States and Iran remain stalled and international oil prices rise, the three major U.S. stock indexes all opened lower on April 27 (local time).


According to the home trading system (HTS), as of 9:45 a.m. at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average was down 17.60 points (0.03%) from the previous trading day at 49,213.11. The large-cap S&P 500 index fell 8.86 points (0.12%) to 7,156.22, while the tech-heavy Nasdaq index dropped 92.91 points (0.37%) to 24,743.60.


The market is showing a slight downward trend as the second round of ceasefire talks failed to take place over the weekend and negotiations between the U.S. and Iran remain deadlocked. The Iranian foreign ministry stated that there are currently no talks scheduled with the United States. The previous day, U.S. President Donald Trump also canceled the negotiating team’s trip to Pakistan, saying the negotiations could be conducted by phone.


The two sides have been unable to narrow their differences over nuclear negotiations. According to Axios, Iran has proposed opening the Strait of Hormuz and has made a new proposal for a ceasefire to the United States. However, Axios reported that Iran suggested postponing nuclear negotiations. In contrast, President Trump has set a ban on nuclear possession as a "red line" and maintains an unyielding stance.


Adam Crisafulli of Vital Knowledge said in a report, "While this is somewhat negative news, we think things are moving in the direction of de-escalation."


International oil prices are rising. On the New York Mercantile Exchange, June delivery West Texas Intermediate (WTI) crude was trading at $96.43 per barrel, up 2.11% from the previous session. On the ICE Futures Exchange, June delivery Brent crude was up 2.20% at $107.70 per barrel.


Energy and defense stocks are on the rise, with ExxonMobil up 1.17%, Chevron up 1.02%, Lockheed Martin up 2.21%, AeroVironment up 1.39%, and RTX up 1.50%.



Among large-cap stocks, performance was mixed. Nvidia gained 0.65%, while Apple fell 1.34%, Microsoft dropped 0.98%, Amazon was down 0.79%, and Alphabet rose 0.57%.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing