Major stock indexes on the New York Stock Exchange were mixed in early trading on the 26th local time. Investors appeared to be watching the outcome of nuclear talks between the United States and Iran held in Geneva, Switzerland.
At 9:44 a.m., the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) was at 49,659.87, up 177.72 points, or 0.36%, from the previous day.
At the same time, the Standard & Poor's (S&P) 500, which focuses on large-cap stocks, fell 13.6 points, or 0.2%, to 6,932.54, and the tech-heavy Nasdaq composite dropped 121.75 points, or 0.53%, to 23,030.32.
Nvidia set a new all-time quarterly revenue record, but most mega-cap tech stocks were weak. Nvidia shares were down in the 3% range, and Amazon and Google were also transacting at lower prices than the previous day.
With the third round of nuclear talks between the United States and Iran underway, the market appeared to be in a "wait-and-see" mode. As U.S. President Donald Trump said on the 19th that Iran had about 10 to 15 days until a deal, some analysts said the talks could effectively be the last.
The Wall Street Journal (WSJ) reported that U.S. representative Steve Witkoff, special envoy of President Donald Trump, and Jared Kushner, Trump's eldest son-in-law, went into the talks with hardline demands. The proposal was said to include dismantling three major nuclear facilities in Iran—Fordow, Natanz and Isfahan—and delivering all remaining enriched uranium to the United States.
With U.S. crude inventories at a record high for the first time in three years, international oil prices edged lower. On the New York Mercantile Exchange (NYMEX), West Texas Intermediate (WTI) for April was transacting at $64.2 per Barrel at 8:30 a.m. Eastern time. The price was down 1.86% ($1.22) from the previous day. At the same time on the ICE Futures exchange in London, the price of Brent for May was also down 1.34% ($0.95) at $69.74 per Barrel.