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US stocks drift near their records in mixed trading after oil prices fall

US stocks experienced mixed trading on Monday as falling oil prices and declines in Big Tech stocks impacted Wall Street. The S&P 500 ended the day slightly lower, remaining close to its all-time highs. Market activity follows a three-day holiday weekend.

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What changed

Markets are reacting to oil price drops and potential US-Iran peace deals.

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  1. US Stocks Drift Near Records Amid Falling Oil Prices

    US stocks experienced mixed trading on Monday as falling oil prices and declines in Big Tech stocks impacted Wall Street. The S&P 500 ended the day slightly lower, remaining close to its all-time highs. Market activity follows a three-day holiday weekend.

    What's confirmed:

    • Oil prices fell below $80 per barrel.
    • The Dow posted a new record close.
    • US stocks showed mixed trading on Monday.

    Still unconfirmed:

    • The S&P 500 slipped 0.6% and was nearly evenly split between rising and falling stocks.
    • The S&P 500 slipped 0.3% and is 1.7% below its all-time high.
    • The S&P 500 slipped 0.4%.
    • The Dow tested 52,000.
    • The unemployment rate fell to 4.4 per cent in May.
    confidence 80%